In a Guaranty Arrangement,the Guarantor

question 70

Multiple Choice

In a guaranty arrangement,the guarantor:

• A)Promises to pay the debt of another in any circumstance.
• B)Promises to pay the debt of another if that other person does not pay.
• C)Promises to pay the debt of another contingent upon the happening of some external event.
• D)Promises to assume responsibility for the quality of goods.
• E)Promises to collect a debt or debts on behalf of a creditor.

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Definitions:

Horizontal Structure

An organizational structure with few or no levels of middle management between staff and executives, promoting greater team collaboration.

Classical Conditioning

A training method where two signals are consistently linked together; initially, the response is triggered by the second signal but over time, it is the first signal alone that provokes the reaction.

Attitude-Behavior Relationship

The connection between an individual's beliefs or feelings towards an object, person, or situation, and how they subsequently behave.

Attitudes Develop

The process by which individuals form opinions and dispositions towards various phenomena based on experiences, information, and social influences.