In Order for a Surety to Be Liable,the Principal Does

question 92

True/False

In order for a surety to be liable,the principal does not have to be in default on the debt,and the creditor does not have to have exhausted all its remedies against the principal debtor before seeking payment from the surety.

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Definitions:

Passage of Time

The progression or flow of time characterized by changes and events.

Backward Chaining

A method for teaching a stimulus–response chain. When backward chaining is used, the reinforcing power of the positive reinforcer (presented at the end of the chain) is transferred “down the line” to each discriminative stimulus as it is added to the chain. This makes for very efficient use of positive reinforcement to establish a strong chain.

Terminal Response

This is the final action or series of actions that occurs at the end of a behavioral chain, often considered the goal behavior in training or therapy.

Conditioned

In psychology, refers to behavior that is developed or learned in response to specific environmental stimuli.