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In a joint legal custody arrangement,both parents:.none of the answers are correct
Guarantor
An individual or entity that agrees to be responsible for another's debt or performance under a contract if the primary party does not meet their obligations.
Guaranty Contract
A legal agreement where a guarantor agrees to fulfill the financial obligations of a debtor to a lender, in case the debtor fails to do so.
Suretyship Contract
An agreement whereby a party (surety) guarantees the performance of an obligation by another party (principal) to a third party (obligee).
Primarily Liable
The main party responsible for fulfilling an obligation or settling a debt in legal or financial contexts.
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