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.

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