What Happens If a Guarantor Is Called Upon to Satisfy

question 18

Multiple Choice

What happens if a guarantor is called upon to satisfy the debtor's obligations?

• A)The contract of guarantee is modified so that the guarantor is named as the debtor.
• B)The guarantor can recover his funds from the creditor.
• C)The rights of the creditor against the debtor are exercisable by the guarantor against the debtor.
• D)The guarantee is automatically discharged.