If a Principal Debtor Defaults on a Loan,an Absolute Surety

question 43

True/False

If a principal debtor defaults on a loan,an absolute surety will have to pay upon demand of the creditor.

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Definitions:

Iroquois Tribe

A historically powerful and influential group of Native American peoples in North America, known for forming the Iroquois Confederacy.

Shaman

A person regarded as having access to, and influence in, the world of good and evil spirits, typically among indigenous peoples, often acting as healer or spiritual leader.

Trading

The act of buying, selling, or exchanging goods and services between people, businesses, or countries.

Californian Indians

Indigenous peoples native to California, with diverse cultures, languages, and social structures, significantly impacted by European colonization.