A Guaranty Contract Must Be in Writing to Be Enforceable

question 22

True/False

A guaranty contract must be in writing to be enforceable.

Define and emphasize the role of critical thinking in professional settings.

Identify ethical principles and their applications in healthcare.

Describe professional time-management and reliability in healthcare settings.

Understand the concept of knowledge acquisition through study and experience in healthcare.

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Definitions:

Trading Position

A trading position is the stance an investor takes on the expected future performance of a financial instrument, reflected through either holding or trading the instrument.

Rate of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.

Invested

The act of allocating resources, typically money, into something with the expectation of generating income or profit, such as stocks, bonds, real estate, or a business venture.

Balance of Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a given period, indicating a positive balance of trade.