Which of the Following Is True of a Contract of Suretyship

question 63

Multiple Choice

Which of the following is true of a contract of suretyship?

• A) There is no debtor in a contract of suretyship.
• B) There is no creditor in a contract of suretyship.
• C) The suretyship creates an express contract with a creditor, under which the surety is primarily liable.
• D) The suretyship creates an express contract with a creditor, under which the surety is secondarily liable.

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Definitions:

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A systematic process that involves the use of scientific methods to collect data and generate knowledge or validate theories.

Analyse

To examine or review something in detail in order to understand it better or discover more about it.

Conclusions

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Operational Definition

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