Which of the Following May Occur When a Third Party

question 85

Multiple Choice

Which of the following may occur when a third party agrees to be liable for a debtor's loan either primarily or secondarily?

• A)A certified agreement or a suretyship,but not a guarantee
• B)Either a suretyship or a guaranty,but not a certified agreement
• C)A suretyship,a guaranty,or a certified agreement
• D)A certified agreement or a guaranty,but not a suretyship
• E)A guarantee but not a certified agreement or a suretyship

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Definitions:

Comprehension

The ability to understand and internalize the meaning of information, such as spoken or written language, symbols, or concepts.

Language

A method of conveying messages specific to a certain community or nation, which includes the structured and traditional use of words.

Vision And Smell

The sensory processes that allow organisms to see and smell, crucial for navigation, survival, and interaction with the environment.

Sound

Vibrations that travel through the air or another medium and can be heard when they reach a person's or animal's ear, interpreted as acoustic signals by the brain.