Which of the Following Is True of Surety Arrangement

question 55

Multiple Choice

Which of the following is true of surety arrangement?

• A) The surety is not liable for paying the principal debtor's debt when it is due.
• B) The creditor should have exhausted all other remedies before seeking payment from the surety.
• C) The creditor has the right to initiate legal actions only against the principal debtor and not against the surety.
• D) The principal debtor does not have to be in default on the debt before seeking payment from the surety.

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