Which of the Following Is True of a Guarantor in a Guaranty

question 39

Multiple Choice

Which of the following is true of a guarantor in a guaranty arrangement?

• A) The guarantor is secondarily liable to the principal debtor's debt when it is due.
• B) The guarantor can be approached even if the principal debtor is not in default.
• C) The creditor can seek first remedy from a guarantor.
• D) The guarantor has full legal rights to possession of the real property in this type of arrangement.