Which of the Following Is True of a Contract of Suretyship

question 63

Multiple Choice

Which of the following is true of a contract of suretyship?

• A) There is no debtor in a contract of suretyship.
• B) There is no creditor in a contract of suretyship.
• C) The suretyship creates an express contract with a creditor, under which the surety is primarily liable.
• D) The suretyship creates an express contract with a creditor, under which the surety is secondarily liable.

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Definitions:

Supergroup

In biology, a high-level classification rank above kingdom, used in some recent taxonomic systems to organize the diversity of life.

Trypanosomes

Single-celled parasitic organisms responsible for diseases like African sleeping sickness and Chagas' disease, transmitted by insect vectors.

Foraminiferans

Single-celled protists with shells, known for their role in marine ecosystems and as indicators of environmental change.

Rhizarians

A group of mostly unicellular eukaryotic organisms that include foraminifera, radiolarians, and cercozoans, characterized by their amoeboid movement and complex shell structures.