Which of the Following Statements Is True of a Guaranty

question 8

Multiple Choice

Which of the following statements is true of a guaranty contract?

• A) The guaranty contract is between the guarantor and the debtor.
• B) A guaranty contract need not be in writing.
• C) The guarantor's liability is secondary.
• D) The original contract is between the creditor and the guarantor.

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Definitions:

Blood Typing

A method to determine an individual’s blood group, important for safe blood transfusions and understanding disease risk.

Antigens

Substances that trigger an immune response, prompting the production of antibodies by the body.

Inflammatory Response

A protective biological response of body tissues to harmful stimuli such as pathogens, damaged cells, or irritants; it is part of the immune response and involves redness, swelling, heat, and pain.

Capillary Permeability

The ability of substances to pass through the capillary walls into the tissues, involved in nutrient and gas exchange.