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A Surety Is Primarily Liable for the Debt of a Principal

question 63

True/False

A surety is primarily liable for the debt of a principal.


Definitions:

Unconditional Offer

An offer made by one party to another that requires no additional conditions or stipulations to be met for acceptance.

Tender

An unconditional offer to perform an obligation by a person who is ready, willing, and able to do so.

Tendered

Offered formally or presented for acceptance, like a payment or a resignation.

Tender

An offer made in writing to perform a work or supply goods at a specified price.

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