Discharge of a Surety Occurs

question 12

Multiple Choice

Discharge of a surety occurs:

• A)if the creditor extends the time of the debt with the consent of the surety.
• B)if the creditor continues to hold the collateral security of the debtor.
• C)in case of any reduction in the rate of interest.
• D)in the case of return of collateral security to the debtor.

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Definitions:

Claims Adjuster

A professional responsible for assessing insurance claims to determine the insurer's liability by investigating, analyzing, and evaluating the damage or loss.

Comprehensive Policy

A policy that covers a wide range of aspects, issues, or elements, ensuring that all possible scenarios are addressed.

Negative Phrase

A linguistic expression that conveys denial, disagreement, or pessimism, often influencing the tone or mood of a conversation.

Bad-News Message

A type of communication designed to deliver unfavorable news in a tactful manner to mitigate negative reactions.