Which of the Following Is True of a Guarantor in a Guaranty

question 50

Multiple Choice

Which of the following is true of a guarantor in a guaranty arrangement?

• A) The guarantor is primarily liable to the principal debtor's debt when it is due.
• B) The guarantor can be approached even if the principal debtor is not in default.
• C) The creditor can seek first remedy from a guarantor.
• D) The guarantor has full legal rights to possession of the real property in this type of arrangement.

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Definitions:

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) antidepressant medication used to treat depression, anxiety, and other mental health conditions.

Antipsychotic Drug

An antipsychotic drug is a type of medication primarily used to treat psychiatric conditions by reducing or alleviating symptoms of psychosis such as hallucinations and delusions.

Dopamine

A neurotransmitter that plays a significant role in reward-motivated behavior, mood regulation, and control of voluntary movement.

Electroconvulsive Therapy

A medical treatment most commonly used for severe depression that involves electrically induced seizures.