A Guarantor Can Be Required to Pay an Obligation Only

question 61

True/False

A guarantor can be required to pay an obligation only after the principal debtor defaults.

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Definitions:

Trust Vs. Mistrust

A stage in Erik Erikson's theory of psychological development where an infant learns to trust others if their needs are consistently met or develops mistrust if not.

Initiative Vs. Guilt

A stage in Erik Erikson's theory of psychosocial development where children learn to assert control and power over their environment through directed play and other activities.

Autonomy Vs. Doubt

Autonomy vs. Doubt is a stage in Erikson's psychosocial development theory where toddlers develop a sense of personal control and independence, or face feelings of shame and doubt.

Cognitive Development

Cognitive development refers to the progression of learning and processing of information from infancy through adulthood, involving skills such as thinking, problem-solving, and understanding the world around us.