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The Most Common Kind of Change Affecting a Surety Is

question 51

Multiple Choice

The most common kind of change affecting a surety is ________.


Definitions:

Accord and Satisfaction

A legal agreement where disputing parties agree on a payment that is less than what is owed, and the payment is accepted as full settlement of the debt.

Discharged in Bankruptcy

The release of a debtor from personal liability for certain specified types of debts, declaring the debtor is no longer legally required to pay any debts that are discharged.

Tobacco Use

The act of smoking or using tobacco products, which can include cigarettes, cigars, snuff, and chewing tobacco.

Legal Right

An entitlement derived from a legal system that allows or obligates one to act in a certain way.

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