In Which of the Following Cases Can a Surety Avoid

question 27

Multiple Choice

In which of the following cases can a surety avoid liability for a principal's default?

• A) If the principal is a minor and therefore lacks the capacity to contract
• B) If the principal has filed for bankruptcy
• C) If the principal is induced to contract with the seller-creditor by fraud or duress
• D) If the principal is insane

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Definitions:

Servant Leader Behavior

Characterized by prioritizing the needs of others, aiming to serve rather than dominate.

Liden's Model

A conceptual framework for understanding leadership, focusing on leader-member exchange and its impact on organizational behavior.

Leader Behaviors

Actions, strategies, and practices exhibited by leaders to influence, direct, and manage a team or organization.

Liden's Model

A perspective on leadership that emphasizes the importance of social exchange between leaders and followers, enhancing mutual trust and respect.