If the Creditor Refuses to Accept Tender of Payment by the Principal

question 70

True/False

If the creditor refuses to accept tender of payment by the principal debtor,the surety remains liable until the creditor wants payment.

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Definitions:

Securities and Exchange Commission

The Securities and Exchange Commission (SEC) is a U.S. federal agency responsible for regulating the securities industry and protecting investors by enforcing laws against market manipulation.

Chief Financial Officer

The senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.

Certify

To officially recognize, verify, or endorse something as true, valid, or in compliance with a standard.

Federal Law

Legislation enacted by the national government of a country and applicable throughout its jurisdiction.