With Regard to Guarantees, Which of the Following Is False

question 36

Multiple Choice

With regard to guarantees, which of the following is false?

• A) A guarantor can use any defence against the creditor that the debtor could use.
• B) A legally binding promise to be primarily responsible for someone else's obligation is an indemnity.
• C) A verbal guarantee is as enforceable as a written one.
• D) Subrogation can result in a guarantor's being able to sue successfully the very debtor whose obligation he guaranteed.
• E) A legally enforceable guarantee must satisfy all the elements required to create a binding contract.

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Definitions:

Residential Treatment

A comprehensive, live-in therapeutic program designed to address mental health, substance abuse, or behavioral issues.

Illicit Substances

Substances that are illegal to possess, manufacture, or distribute due to their potential for abuse and addiction.

Outcome Criteria

Specific, measurable goals set at the beginning of treatment to evaluate the effectiveness and success of the interventions over time.

Verbalize

The act of expressing thoughts, ideas, or feelings in spoken words.