Which of the Following Is Correct Concerning Suretyship and Guaranty

question 12

Multiple Choice

Which of the following is correct concerning suretyship and guaranty?

• A) A surety is always liable from the moment the principal is in default.
• B) A guarantor is always liable from the moment the principal is in default.
• C) Both are undertakings by one person, for a consideration, to pay another person a sum of money in the event that the other person sustains a specified loss.
• D) Neither can be exonerated from liability.

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Definitions:

Heritability

The proportion of variation in a trait among individuals that can be attributed to genetic differences.

Heritability

The proportion of observed variation in a particular trait that can be attributed to inherited genetic factors in a population.

Genetic Basis

The underlying genetic components and mechanisms that contribute to a specific trait, behavior, or condition in an organism.

Phenotypic Variation

Refers to the differences in physical appearance and physiological traits among individuals of the same species, caused by genetic and environmental factors.