Today, There Is No Significant Difference in the Liability of a Surety

question 58

True/False

Today, there is no significant difference in the liability of a surety and a guarantor in any state at common law or otherwise.

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Definitions:

Direct Order

A command issued by someone in authority that requires immediate compliance.

Indirect Order

A communication strategy where the main point or directive is not presented at the beginning but comes after the rationale or background information.

Adjustment

A change or modification made to correct, improve, or adapt something.

Basic Objective

Basic objective denotes a fundamental goal or purpose that an individual, group, or organization seeks to achieve.