With Regard to Guarantees and Indemnities, Which of the Following

question 22

Multiple Choice

With regard to guarantees and indemnities, which of the following is False?

• A) A guarantor can use any defence against the creditor that the debtor could use.
• B) A legally binding promise to be primarily responsible for someone else's obligation is an indemnity.
• C) A guarantee cannot be enforced in court unless it satisfies the writing requirements set out in statute.
• D) Subrogation can result in a guarantor's being able to sue successfully the very debtor whose obligation he guaranteed.
• E) A legally enforceable guarantee must satisfy all the elements required to create a binding contract except consideration.

---

Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a widely used psychological assessment tool that evaluates personality traits and psychopathology.

Self-concept

An individual's understanding and evaluation of who they are, encompassing self-awareness and self-esteem.

Conscientiousness

One of the Big Five personality traits, describing individuals who are organized, dependable, and disciplined.

Big Five

A model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.