A Creditor's Extension of Time to a Debtor for Making

question 35

True/False

A creditor's extension of time to a debtor for making payment, without the consent of the surety, will not discharge the surety.

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Definitions:

Circle Invalid

A function in data validation that visually identifies data that does not comply with certain predefined criteria.

Error Check

The process or mechanism within a system or software that identifies, reports, and sometimes corrects errors to ensure data integrity and operational stability.

Sequential Series

A set of elements or events arranged in a specific order where each is followed by the one succeeding it, reflecting a particular sequence.

Mortgage

A loan granted by a bank or financial institution, secured by the borrower's property, used to purchase real estate.