If the Surety Is A(n) ___________, Then the Creditor May

question 9

Multiple Choice

If the surety is a(n) ___________, then the creditor may hold the surety liable as soon as the principal debtor defaults.

• A) absolute surety
• B) mortgagee
• C) subrogee
• D) conditional surety

---

Definitions:

Sherman Act

A foundational United States antitrust law aimed at maintaining competition by prohibiting monopolistic practices.

Restraint Of Trade

Actions or agreements that restrict competition or the free operation of the market, often illegal under antitrust laws.

Federal Trade Commission

A United States federal agency established to prevent unfair business practices and promote consumer protection.

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses, ensuring fair market practices.