A Creditor Can Demand Payment from the Surety Before the Debt

question 10

True/False

A creditor can demand payment from the surety before the debt is due.

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Definitions:

Extortion

The practice of obtaining something, especially money, through force or threats.

Rescind Agreement

To legally cancel or revoke an agreement, usually due to issues such as fraud, mistake, or breach of contract.

Economic Interests

Economic interests refer to the financial stakes or concerns that individuals, companies, or countries have in the outcome of a specific transaction, policy, or economic activity.

Misrepresentation

A false statement of fact made by one party to another party, which induces that other party to enter into a contract.