Multiple Choice
Which of the following is a collateral promise?
A) A mother tells a merchant to extend $1,000 worth of credit to her son and says, "If he doesn't pay, I will."
B) Andrew promises Donald that if Donald cannot pay his bills, Andrew will.
C) A father tells a merchant to deliver a computer to his daughter and says, "Send me the bill. I'll pay for it."
D) All of these are collateral promises.
Correct Answer:
Verified
Correct Answer:
Verified
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