A ________ Is a Contract Between a Creditor and a Third

question 54

Multiple Choice

A ________ is a contract between a creditor and a third party who agrees to pay another person's debt and is primarily liable for the debt whereas in a ________,a third party,must pay a debt only after the debtor has defaulted.

• A)Certified agreement;suretyship
• B)Guaranty;suretyship
• C)Suretyship;guaranty
• D)Guaranty;certified agreement
• E)Certified agreement;guaranty

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Definitions:

Executable File

A type of computer file that contains a program or piece of software that can be run or executed on a computer.

Data File

A digital file that stores data in a structured format, allowing for efficient processing and manipulation by software applications.

Manipulate

To skillfully operate or handle an object, system, or piece of data, often to achieve a desired outcome.

Boot Process

The sequence of operations that a computer system performs from power-on until it becomes ready for use.