Which of the Following Contract Defenses Cannot Be Raised as a Defense

question 10

Multiple Choice

Which of the following contract defenses cannot be raised as a defense against suretyship obligations?

• A) lack of capacity
• B) fraud
• C) mistake
• D) The surety may raise any defense that a party to an ordinary contract may raise.

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Definitions:

Random Variable

A variable that can take on numerical results from a random event.

Normally Distributed

Refers to a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Heating Oil

A low-viscosity, liquid petroleum product used as a fuel oil for furnaces or boilers in buildings for heating purposes.

Normally Distributed

A type of distribution where data points are symmetrically distributed, forming a bell-shaped curve, with most values clustering around the mean.