A Contract of Guaranty Would Not Be Terminated If It

question 44

Multiple Choice

A contract of guaranty would not be terminated if it were altered without the consent of the guarantor so as to

• A) add an additional guarantor.
• B) lengthen the term.
• C) change the amount involved.
• D) change the name of the debtor.

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Definitions:

Assertive

A communication style characterized by confidence and directness in expressing one's opinions and needs while respecting the rights of others.

Managerial Role

A position that involves responsibilities such as planning, organizing, leading, and controlling within an organization to achieve its objectives.

Knowledge Management

The practice of organizing, storing, and sharing vital information and knowledge within an organization to improve efficiency, innovation, and competitiveness.

Captured

To gain control or possession of something or someone, often used in a competitive context.