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:

Opposite Direction

A term indicating movement, action, or orientation in a direction that is reverse to another specified direction.

Same Direction

Implies movements or actions that are aligned in a parallel trajectory or orientation towards a similar goal or outcome.

Color Constancy

The psychological feature that allows the human brain to perceive colors consistently under varying lighting conditions.

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the phenomenon of light.