Multiple Choice
A(n) ________ contract is one in which one person agrees to pay the debt or obligation that a second person owes to a third person if the second person fails to perform.
A) implied
B) third-party beneficiary
C) collateral
D) quasi
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: The underlying purpose of the statute of
Q48: A contract that fails to comply with
Q49: Big Bank is a major creditor of
Q50: An administrator makes an oral promise to
Q51: April and Brian entered into a partially
Q53: Which of the following is a uniform
Q54: The Electronic Signatures in Global and National
Q55: On May 1,Dix and Wilk entered into
Q56: Sean made an oral promise to sell
Q57: Bruce told Adam that he was selling