Which of the Following Is True About a Surety's Liability

question 42

Multiple Choice

Which of the following is true about a surety's liability to pay in a surety arrangement?

• A) The surety is secondarily liable for payment.
• B) The surety is primarily liable for payment.
• C) The principal debtor must be in default before the surety can be approached.
• D) The surety can only be approached as a last resort to the creditor.

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