Which of the Following Is True About Both Sureties and Guarantors

question 139

Multiple Choice

Which of the following is true about both sureties and guarantors?

• A) The arrangement is one in which the surety or guarantor agrees to pay the debt of another party, under certain circumstances.
• B) The surety or guarantor becomes secondarily liable on the debt.
• C) The obligation arises only if the debt cannot be collected from the primary debtor.
• D) The bankruptcy of the primary debtor will release both the primary debtor and the surety or guarantor from the debt.
• E) The defense of the debtor's incapacity may be asserted.

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Definitions:

Pus

A dense, green or yellow liquid found in diseased tissue, made up of deceased white blood cells, bacteria, and tissue remains.

Ossicles

Small bones in the middle ear that transmit sound vibrations from the eardrum to the inner ear.

Stirrup

A bone in the middle ear that transmits sound vibrations to the inner ear.

Eardrum

A thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves, also known as the tympanic membrane.