Which of the Following Is True About the Surety's Liability

question 12

Multiple Choice

Which of the following is true about the surety's liability to pay in a surety arrangement?

• A)The surety is secondarily liable for payment.
• B)The surety is primarily liable for payment.
• C)The principal debtor must be in default before the surety can be approached.
• D)The creditor can only approach the surety as a last resort.

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Definitions:

Thymus

An organ located near the heart that secretes thymosin and thus processes and activates T-cells.

Allergic Reactions

Adverse and sometimes severe responses of the immune system to foreign substances, such as certain foods, pollen, or medications.

Immune System Reaction

The response of the immune system to foreign substances or pathogens, aiming to protect the body from infection or disease.

Viruses

Microscopic infectious agents that can only replicate inside the living cells of an organism and are capable of causing diseases.