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:

Adopting Children

The act or process of becoming the legal parent of a child that is not one's biological offspring, providing that child with the rights and privileges of one's own child.

Natural Selection

The evolutionary process by which organisms with traits that better enable them to adapt to their environment are more likely to survive and reproduce.

Behavior Genetics

The study of the genetic and environmental influences on behaviors, often focusing on the interplay between genes, behavior, and environmental factors.

Insulin

A hormone produced by the pancreas that regulates the amount of glucose in the blood.