A Surety Can Never Assert Fraud as a Defense

question 71

True/False

A surety can never assert fraud as a defense.

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Definitions:

Exclusionary Self-Tender Offer

A type of tender offer in which a company offers to purchase shares from its shareholders in a way that may exclude certain holders to affect the control or composition of its shareholder base.

Poison Pill

A financial device designed to make unfriendly takeover attempts unappealing, if not impossible.

Merger

The combination of two or more companies into a single entity, often to achieve synergies.

Consolidation

The process of combining multiple financial statements of a company into a single statement, often after acquisitions or mergers.