Tom's bank is threatening to repossess his car. Tom's mother notifies the bank that she promises to pay the bank if Tom defaults on the loan. This promise must be in writing or have a sufficient electronic record to be enforceable

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

Asset turnover

A. is calculated from information found on a firm's income statement. B. reveals how profitable a company is. C. is net sales divided by total assets. D. is calculated by dividing total assets by net sales. E. is another term for inventory turnover.

Business

A ________ is a layer of intermediaries that performs some work in bringing the product and its ownership closer to the final buyer

A) product platform B) channel level C) resource bank D) contact center E) customer franchise

Business

Teams are typically better than the sum of individual efforts for tasks that:

a. Are easily divisible b. Focus on maximizing output c. Consist of additive efforts d. Generate a solution representative of the team’s product

Business

Which of the following are examples of civil law codes?

A) Corpus Juris Civilis. B) French Civil Code. C) German Civil Code. D) All of the above.

Business