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:

Research Methods Skills

Proficiency in various techniques and tools used for scientific investigation to obtain reliable and valid results.

Organization

A structured group of people working together to achieve a common goal or purpose.

Social Skills

The abilities necessary to communicate, interact, and form relationships with others effectively.

Moment-To-Moment

Describes events or changes that occur in real-time, often used in the context of recording or analyzing experiences as they happen.