Which of the Following Statements Is True Regarding a Guarantor

question 57

Multiple Choice

Which of the following statements is true regarding a guarantor?

• A)In order to be a guarantor,a person must enter into a deed of trust with the principal debtor.
• B)A guarantor is primarily liable for the debt along with the principal debtor.
• C)Generally,a guarantor's promise must be made in writing to be enforceable under the statute of frauds.
• D)A guarantor joins the principal debtor in making a promise.

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McCulloch V. Maryland

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Gibbons V. Ogden

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