Which of the Following Would a Business Law Professor Most

question 8

Multiple Choice

Which of the following would a business law professor most likely indicate to be a characteristic of a personal guarantee?

• A) The guarantors cannot be compelled to sign to ensure granting of a loan.
• B) Guarantees are independently negotiated arrangements.
• C) Common law permits creditors to change loan terms without the guarantor's consent.
• D) Guarantees are one component of a larger credit arrangement.

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Definitions:

Border Slave States

The U.S. states located along the border between the northern states, where slavery was illegal, and the southern states, where slavery was legal, prior to and during the Civil War.

Unconstitutional

A term describing any law, decree, or government action that violates the constitution.