Which of the Following Does NOT Affect the Enforceability of a Guarantee

question 5

Multiple Choice

Which of the following does NOT affect the enforceability of a guarantee?

• A)the release by the creditor of security placed in support of the loan without the guarantor's approval
• B)the absence of a note or memorandum signed by the guarantor
• C)lack of consideration
• D)the release of other guarantors by the creditor without the knowledge of the remaining guarantors
• E)the death of the primary debtor

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Definitions:

Structural

Relating to, or resulting from the arrangement or construction of parts in a particular manner.

Functional

Related to the purpose or use of something; designed to be practical and useful.

Social Change

Transformations over time in societal norms, behaviors, values, and institutions.

Structural Functionalism

A theory in sociology which posits that society functions as an intricate system where its components interact to foster cohesion and maintain equilibrium.