In a Guaranty Arrangement,the Guarantor Is Primarily Liable on Another

question 132

True/False

In a guaranty arrangement,the guarantor is primarily liable on another person's debt.

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Definitions:

Terminal Numbers

Labels or numbers assigned to the connection points on an electrical device to guide correct wiring and setup.

Mechanical Linkage

A series of rigid links connected with joints to form a closed chain, or an open chain, which can transmit motion and forces from one point to another.

Circuit Wiring

The interconnected path through which electrical current flows to perform a specific function.

Electrical Circuits

Networks of electrical components connected together to allow the flow of electrical current in a complete path.