A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, which of the following statements is correct?
A. The creditor may proceed against the guarantor without attempting to collect from the debtor.
B. The guaranty must be in writing.
C. The guarantor may use any defenses available to the debtor.
D. The creditor must be notified of the debtor's default by the guarantor.
B. The guaranty must be in writing.
Business
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When the rugby approach is used for new product development, the project teams usually consist of members with different functional specializations and personalities
Indicate whether the statement is true or false
Business
Canada consists of distinct groups such as Anglophones, Francophones, and indigenous Canadians. This is an example of ________
A) subculture B) stereotyping C) cultural diffusion D) convergence
Business