Which of the Following Statements Is True of a Guaranty

question 8

Multiple Choice

Which of the following statements is true of a guaranty contract?

• A) The guaranty contract is between the guarantor and the debtor.
• B) A guaranty contract need not be in writing.
• C) The guarantor's liability is secondary.
• D) The original contract is between the creditor and the guarantor.

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Definitions:

Latex Allergy

An allergic reaction to natural rubber latex, found in many medical and personal products, leading to various symptoms.

Prehypertension

A condition characterized by blood pressure levels that are above normal but not yet high enough to be classified as hypertension.

Hypothermia

A medical condition where the body's core temperature drops below that required for normal metabolism and bodily functions.

Heatstroke

A severe heat-related illness characterized by an extremely high body temperature and neurological dysfunction.