Which of the Following Events Will Not Have the Effect

question 28

Multiple Choice

Which of the following events will not have the effect of automatically discharging a guarantee?

• A)Full payment of the debt.
• B)Modification of the loan contract by the creditor without the consent of the guarantor.
• C)Destruction of the security for the loan by the creditor.
• D)Alteration of the loan contract by the debtor without the consent of the creditor.

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Definitions:

Value Losses

Decreases in the worth or market value of an asset over time.

Cash Gift-Giving

The practice of giving money as a present to friends or family members on special occasions or celebrations.

Noncash Gift-Giving

The act of giving gifts that do not involve direct monetary exchange, such as time or goods.

Recipient Preferences

The specific likes or choices of individuals or entities that are targeted to receive something.