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

question 33

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


Definitions:

Throughput

The rate at which a system generates its products or services over a given period of time.

Facility

A physical or virtual location where business operations occur, such as a factory, warehouse, office, or even software platforms.

Period of Time

A length or duration of moments which is measured in terms of seconds, minutes, hours, days, months, or years.

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