Which of the Following Defenses Might a Guarantor Raise If

question 65

Multiple Choice

Which of the following defenses might a guarantor raise if the guarantor's oral promise to pay a debt is not in writing?

• A) Statute of Frauds defense
• B) Common Fraud defense
• C) Parol evidence defense
• D) Unwritten promise defense
• E) Negligence

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Definitions:

External Debts

These are funds borrowed by one country from foreign lenders, including private banks, governments or international financial institutions.

Western Europe

A geographical and cultural region of Europe that includes countries such as France, Germany, Italy, and the United Kingdom.

Standards Of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Narrowing Significantly

The process of becoming considerably more focused or reduced in scope.