Which of the Following Is True If a Debtor Engaged

question 80

Multiple Choice

Which of the following is true if a debtor engaged in fraud in order to convince a surety or guarantor to enter into a contract with a third party?

• A)The surety is released from liability,but the guarantor is not.
• B)Because the third party is innocent,neither the surety nor the guarantor is released from liability.
• C)Both the guarantor and the surety will likely be released from liability on interest due on the contract,but not for the principle amount.
• D)The guarantor is released from liability,but the surety is not.
• E)Both the guarantor and the surety will likely be released from liability.

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Definitions:

Parents Influence

The significant impact that parents have on their children's development, behavior, beliefs, and attitudes, through their parenting styles, communication, and role-modeling.

Psychosocial Development

The theory proposed by Erik Erikson that personality development occurs through a series of eight stages over the lifespan, each characterized by a different psychological conflict.

Identity Statuses

Different stages in the process of developing a sense of self, as conceptualized by psychologists such as James Marcia.

Exploration

The act of searching, studying, or traveling in an area or subject to discover more about it.