A Surety Cannot Assert the Principal Debtor's Bankruptcy as a Defense

question 29

True/False

A surety cannot assert the principal debtor's bankruptcy as a defense to avoid liability on the debtor's obligation.

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Definitions:

Fishing Resort

A vacation destination offering lodging and access to activities centered around fishing, including guided fishing trips and equipment rental.

Evaluative Criteria

The standards and specifications that consumers use to compare different products and brands when making purchasing decisions.

Family Dentist

A family dentist specializes in providing comprehensive dental care for individuals of all ages within a family, focusing on a wide range of dental services.

Consumers

Individuals who purchase goods and services for personal use.