Examlex
Which of the following is not a way that a securities firm might advise a corporation to restructure its operations?
Co-sureties
Individuals or entities that jointly commit to paying back a debt or fulfilling an obligation if the primary party fails to do so.
Guarantor
A person or entity that agrees to be responsible for another's debt or obligations if the original party fails to meet their responsibilities.
Guaranty
A legal commitment by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.
Suretyship
A contractual agreement where a party (surety) agrees to be responsible for the debt or obligations of another party (principal) if that party fails to fulfill them.
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