A Surety Can Use Any Defenses Available to a Debtor

question 32

True/False

A surety can use any defenses available to a debtor to avoid liability on the obligation to the creditor.

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Definitions:

Minor

An individual under the legal age of adulthood, often considered as under 18 years old in many jurisdictions.

Majority

More than half of a group or quantity, often used to describe the greater part or number in a community or collection of items.

Disaffirm

To reject, refuse to accept, or declare a contract void, often used in the context of minors’ capacity to enter into contracts.

Necessary

Essential or required for a particular purpose, without which the objective cannot be achieved.