A Guarantor Is Released from His or Her Obligation If

question 68

True/False

A guarantor is released from his or her obligation if a debtor cannot pay it.

---

Definitions:

Legal Doctrine

A framework, set of rules, procedural steps, or test, often established through precedent in the legal system, used to guide the outcome of court cases.

Political Process

The methods and procedures involved in the operation of government and the enactment of policy, including election campaigns, legislative proceedings, and public administration.

Arbitrary and Capricious Terms

Describes actions or decisions made without reasonable justification, in an unpredictable manner.

Genetically Modified Seed

Seeds that have been altered using genetic engineering techniques to possess specific traits, such as resistance to pests or herbicides.