A Surety Can Be Required to Pay an Obligation Only

question 26

True/False

A surety can be required to pay an obligation only after the principal debtor defaults and usually only after the creditor has made an attempt to collect from the debtor.

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Definitions:

Erikson's Theory

A psychosocial development theory proposed by Erik Erikson that outlines eight stages of psychological development from infancy to late adulthood, each characterized by a specific crisis.

Virtue

A trait or quality deemed morally good, commendable, and valuable in character.

Adolescence

A phase of growth both in body and mind that usually happens from puberty until one becomes a legal adult.

Adolescents

Individuals in the developmental stage between childhood and adulthood, often considered to start with puberty.