A Guarantor Is a Person Who

question 39

Multiple Choice

A guarantor is a person who:

• A) joins with the person who is primarily liable in promising to make the payment or to perform the duty.
• B) does not join in making a promise, but makes a separate promise and agrees to be liable on the happening of a certain event.
• C) is paid for serving as a surety, such as a bonding company.
• D) acts as a surety without compensation, such as a friend who cosigns a note as a favor.

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Definitions:

Commercial Property

Real estate property that is used for business activities, such as offices, retail spaces, warehouses, and industrial buildings.

Residential Property

Real estate that is used for housing or dwelling purposes.

Special Deterrence

A principle in criminal justice aiming to prevent a particular offender from committing future crimes by imposing a penalty for their actions.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections to individuals, including rights against self-incrimination, double jeopardy, and guarantees due process of law.