Which of the Following Would Not Help a Surety Defend

question 21

Multiple Choice

Which of the following would not help a surety defend himself from payment of a debt?

• A) There was no consideration for the surety agreement.
• B) There was a modification of the underlying contract.
• C) The creditor knew the loan was risky and did not dissolve it.
• D) There was fraud in the execution of the surety agreement.

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Definitions:

Heckscher-Ohlin Theorem

An economic theory stating that countries export what they can most efficiently and abundantly produce.

Labor Intensive

describes industries or production processes that require a large amount of labor relative to capital in the production process.

WTO

The World Trade Organization, an intergovernmental organization that regulates international trade agreements and disputes between nations.

Retaliatory Tariffs

Taxes on imported goods that are imposed in response to similar taxes levied by another country.