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:

Ethyl Benzoate

An organic compound formed by the esterification of benzoic acid with ethanol, known for its sweet, flowery scent.

Methanol

A simple alcohol with the chemical formula CH3OH, used as a solvent, antifreeze, or fuel.

HCl

Hydrochloric acid, a strong acidic compound of hydrogen chloride in water, commonly used in industrial and laboratory settings.

Distamycin

A small molecule that binds to minor grooves of DNA, notable for its role in scientific research related to DNA interactions.