Two or More Sureties Bound for the Same Debt of a Principal

question 18

Multiple Choice

Two or more sureties bound for the same debt of a principal debtor are known as:

• A) absolute sureties.
• B) cosureties.
• C) conditional guarantors of collection.
• D) co-creditors.

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Definitions:

Suppliers

Entities that provide goods or services to other entities, typically within a supply chain or business context.

Key Partners

Strategic relationships and alliances with other businesses or individuals that contribute to a company's success.

Distributors

Companies or individuals that facilitate the movement of products from manufacturers to the marketplace or consumers.

Value Proposition

The unique value a product or service provides to customers, distinguishing it from competitors.