All of the Following Contract Defenses Can Be Raised as a Defense

question 40

Multiple Choice

All of the following contract defenses can be raised as a defense against suretyship obligations except: ________.

• A) Lack of capacity
• B) Absence of consideration
• C) Mistake
• D) Noncompliance with Statute of Frauds

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Definitions:

Real GDP

The total value of all goods and services produced by a country in a year, adjusted for inflation, reflecting the economy's actual growth.

United States

A country located in North America, known for being the world’s largest economy and a federal republic consisting of 50 states and a federal district.

Real GDP

Inflation-adjusted Gross Domestic Product, offering a clearer view of an economy's actual size and its growth trajectory over periods.

Growth Rate

A measure of the increase in size, number, value, or strength of a variable over a specific period of time.