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

question 74

Multiple Choice

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

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

---

Definitions:

Inseparability

A characteristic of services indicating that they are often produced and consumed simultaneously and cannot be separated from their provider.

Nonprofit Organizations

Entities that operate for purposes other than making a profit, focusing on social, charitable, cultural, or educational objectives.

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education inside the United States.

Marketing Practices

Encompasses the strategies and tactics businesses use to promote, sell, and distribute their products or services.