If a Principal Posts Security for the Performance of an Obligation

question 47

True/False

If a principal posts security for the performance of an obligation to a creditor,the creditor must not surrender that security without the consent of sureties.

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Definitions:

Subroutine Area

Part of a program dedicated to a subroutine, which is a set of instructions designed to perform a frequently used operation.

Processor Module

A hardware component in computers and control systems that executes instructions, performing tasks such as calculations and data processing.

Master Control Relay

A relay that controls the operation of multiple circuits or systems, acting as a master switch that can enable or disable a group of functions simultaneously.

Main Disconnect Switch

A safety device that completely disconnects the electrical supply to a building, machine, or an electrical circuit.