Two or More Sureties Bound for the Same Debt of a Principal

question 18

Multiple Choice

Two or more sureties bound for the same debt of a principal debtor are known as:

• A) absolute sureties.
• B) cosureties.
• C) conditional guarantors of collection.
• D) co-creditors.

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Definitions:

Community Oriented

A philosophy or approach that emphasizes the engagement and involvement of the community in decision-making and problem-solving processes.

Lipset

Seymour Martin Lipset was a political sociologist known for his work on the social bases of politics, social stratification, public opinion, and the sociology of intellectual life.

Sociologist

A social scientist who studies the societal behaviors, structures, and functions of human societies and interactions.

Assimilation

A one-way process that occurs when a minority group sheds its differences and assumes the traits of the dominant group.