Which of the Following Is True of Collateral Contracts

question 50

Multiple Choice

Which of the following is true of collateral contracts?

• A) The obligor is contractually liable to the guarantor.
• B) They are covered by the statute of frauds.
• C) They are considered to be original contracts.
• D) The guarantor is primarily liable to perform his contractual duty.

Know the stages of the writing process and the importance of spending sufficient time on each phase.

Comprehend the concepts of encoding and decoding in the communication process.

Understand the selection of communication channels and the effect of noise in the communication process.

Appreciate the use of economical and purposeful language in business writing.

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