Which of the Following Statements Is True Regarding an Accommodation

question 6

Multiple Choice

Which of the following statements is true regarding an accommodation surety?

• A)An accommodation surety must provide adequate collateral to the creditor.
• B)An accommodation surety is usually a professional such as a bonding company,who is paid for serving as a surety.
• C)An accommodation surety receives relatively more protection from courts.
• D)An accommodation surety is secondarily liable for the payment of the debt.

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Definitions:

Median

The middle value in a dataset when the values are arranged in ascending or descending order, effectively splitting the dataset into two equal halves.

Unimodal

Describing a distribution with a single prominent peak or mode, indicating the most frequently occurring value.

StdDev

Another term for standard deviation, indicating how much individual data points deviate from the mean.

Median

The central number that splits a dataset into two equal parts, distinguishing the upper half from the lower half.