Which of the Following Statements Is True of Accommodation Sureties

question 48

Multiple Choice

Which of the following statements is true of accommodation sureties?

• A) They are people paid for serving as a surety.
• B) They are protected by the courts at a higher level than other types of sureties.
• C) They must show that they will be harmed by an extension of time before they are relieved of responsibility.
• D) They are professional companies that take payment for acting as a surety.

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Definitions:

Fax Machine

A device that transmits scanned printed material (both text and images) to a telephone number connected to a printer or other output device.

XML

Extensible Markup Language, a flexible language that facilitates the sharing of structured data across different information systems.

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Predefined documents with blank fields that users can fill out, often used for applications, requests, or data entry.

Microsoft Visio 2007

A diagramming and vector graphics application released by Microsoft in 2007.