Which of the Following May Occur When a Third Party

question 76

Multiple Choice

Which of the following may occur when a third party agrees to be liable for a debtor's loan either primarily or secondarily?

• A) A suretyship, a guaranty, or a certified agreement
• B) A certified agreement or a suretyship, but not a guarantee
• C) A certified agreement or a guaranty, but not a suretyship
• D) A guarantee but not a certified agreement or a suretyship
• E) Either a suretyship or a guaranty, but not a certified agreement

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Definitions:

Competence

The ability to do something successfully or efficiently, often referring to a specific skill or knowledge area.

Stanford Prison Study

A psychological experiment conducted in 1971 by Philip Zimbardo at Stanford University, exploring the effects of perceived power and authority in a simulated prison environment.

Tyrannical

Exercising power in a cruel or arbitrary way; often associated with dictatorial leadership.

Stanley Milgram

Stanley Milgram was a psychologist best known for his landmark experiments on obedience to authority figures, conducted in the 1960s.