When a Suretyship or Guaranty Contract Is Entered into After

question 43

True/False

When a suretyship or guaranty contract is entered into after and separate from the original transaction, there must be new consideration for the promise of the guarantor.

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Definitions:

Ear Infection

An inflammation or infection of the ear, often caused by bacteria or viruses, which can affect the outer, middle, or inner parts of the ear.

Sense of Smell

The ability to detect and identify volatile substances through the olfactory system.

Loss of Balance

A condition where an individual struggles to maintain their body's equilibrium, which can result in unsteadiness or falling.

Blurred Vision

A lack of sharpness in seeing, resulting in the inability to see fine details.