Creditor Required That Apex Co

question 14

Multiple Choice

Creditor required that Apex Co. obtain a performance bond for contracting work Apex agreed to perform. The bond issued by Surety contained forged signatures of Apex's principals. The fraud on Surety

• A) discharges the surety
• B) exonerates the surety
• C) renders the Creditor-Apex contract void
• D) has no effect on Surety's obligation to Credito
• E) discharges Apex

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Definitions:

Cash Deficiency

A situation where a business or individual has insufficient cash to cover expenses or liabilities.

Planning Process

A systematic approach to setting goals and objectives, developing strategies, and outlining tasks and schedules to accomplish the goals.

Company's Past Performance

A review of a company's previous financial results and operations, usually analyzed to forecast future performance.

Communication Goals

Objectives that an individual or organization aims to achieve through communication efforts, including increasing awareness, influencing perceptions, or driving behavior changes.