Why Is a Guaranty Contract Similar to a Suretyship Contract

question 71

Multiple Choice

Why is a guaranty contract similar to a suretyship contract?

• A)Both a guarantor and a surety join the principal in making a promise.
• B)Both a surety and a guarantor are primarily liable for the performance of another's debt.
• C)Both a guarantor and a surety are secondarily liable for the performance of another's debt.
• D)Both a guarantor and a surety agree to answer for the obligations of a debtor.

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