If a Creditor Brings Legal Action Against a Surety or Guarantor

question 35

True/False

If a creditor brings legal action against a surety or guarantor, the surety or guarantor has no legal defenses available.

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Definitions:

Neurocognitive Disorder

A classification of conditions that primarily affect cognitive functions such as memory, learning, perception, and problem-solving, due to another medical condition or substance use.

Chromosome 21

One of the 23 pairs of chromosomes in humans, an extra copy of which causes Down syndrome.

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and eventual loss of the ability to carry out simple tasks.

Down's Syndrome

A genetic disorder caused by the presence of all or part of an extra 21st chromosome, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.