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Question 11
Marcelino set up a business in which he was the primary shareholder, Boxing Stars, Incorporated (BSI), to market boxing gear
and clothing. The company that leased Marcelino the retail space for BSI to do business demanded that Marcelino sign a
document agreeing to pay them out of his personal assets if BSI defaults on the retail lease. The document that Marcelino
signed is known as a
O personal indenture.
O personal guarantee.
O corporate veil.
O debt conveyance.
