Generally, Any Defenses Available to a Principal Debtor Cannot Be

question 14

True/False

Generally, any defenses available to a principal debtor cannot be used by a surety or guarantor to avoid liability on the obligation to the creditor.

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Definitions:

Ethical Principles

The foundational guidelines for moral conduct that help individuals discern right from wrong in their decisions and actions.

Behave Ethically

Acting in a manner consistent with moral principles, standards, and values.

Act Professionally

The expectation for individuals to behave in a manner that is ethical, respectful, and appropriate for a given profession.

Pressure from Below

Influence exerted by lower-level employees or members of an organization, advocating for change or improvements.