Which of the Following Is Correct Concerning Suretyship and Guaranty

question 20

Multiple Choice

Which of the following is correct concerning suretyship and guaranty?

• A) Each relationship always creates primary liability.
• B) Each involves answering for the debt or default of another.
• C) Each relationship of suretyship or guaranty must be in writing to be enforceable.
• D) Each relationship always creates secondary liability.

---

Definitions:

Purchase

The act of acquiring goods or services in exchange for money.

Register

The act of recording or enlisting information, events, or transactions, often for official keeping or as a preliminary step to gain access to a service or system.

Accept Terms

The act of agreeing to conditions set forth by software, services, or agreements, often necessary to proceed with use or participation.

Access Control

A security technique that regulates who or what can view or use resources in a computing environment.