Yes, that is true. Hope this helps!
Answer:
Because of the Statute of Frauds
Explanation:
Dollar Value Motors asks Estimable Bank for a loan to increase its vehicle inventory. Estimable requires Flair, Dollar Value's president, to sign a personal guaranty to pay the debt if Dollar Value defaults. Meanwhile, to buy a pick-up truck from Dollar Value, Gina asks Harper to co-sign a credit application. If Flair is a guarantor, then the guaranty is required to be in writing because of THE STATUTE OF FRAUDS
This is a really interesting question because the answer is highly disputed. Obviously Australia doesn't have the economic strength of Europe or the North American Free Trade Agreement, but between the two, it can be measured in different ways, many people would suggest that EU is in fact bigger, but by measure of GDP, the EU is dominated by NAFTA with a per capita GDP of just over $21k in comparison to EU28's which is just over $18k
I would suggest that it is NAFTA at the moment but this answer might be subject to change in the future,
