With Regard to Guarantees, Which of the Following Is False

question 53

Multiple Choice

With regard to guarantees, 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 verbal guarantee is as enforceable as a written one.
• 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.

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Definitions:

Nurture

The influence of environmental factors and experiences on an individual's development, as opposed to genetic influences.

Intelligence

Mental quality consisting of the ability to learn from experience, solve problems, and use knowledge to adapt to new situations.

Biology

The examination of life and living entities, covering aspects such as their architecture, functions, development, origins, evolutionary progress, and geographic spread.

Home Environments

encompasses the physical, emotional, and social conditions of a person's living situation which can significantly influence their development and well-being.