In a Guaranty Arrangement,the Guarantor

question 70

Multiple Choice

In a guaranty arrangement,the guarantor:

• A)Promises to pay the debt of another in any circumstance.
• B)Promises to pay the debt of another if that other person does not pay.
• C)Promises to pay the debt of another contingent upon the happening of some external event.
• D)Promises to assume responsibility for the quality of goods.
• E)Promises to collect a debt or debts on behalf of a creditor.

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Definitions:

William Lloyd Garrison

An American abolitionist, journalist, suffragist, and social reformer best known for his anti-slavery newspaper "The Liberator" and for founding the American Anti-Slavery Society.

James G. Birney

An American abolitionist leader who ran for President of the United States as a candidate of the Liberty Party, advocating for the end of slavery.

James G. Birney

A prominent American abolitionist, politician, and attorney known for his leadership in the anti-slavery movement and candidacy for presidency under the Liberty Party in the 1840s.

Political Solution

A resolution achieved through diplomatic, legislative, or political processes to address a societal issue.