With Regard to Guarantees, Which of the Following Is False

question 46

Multiple Choice

With regard to guarantees, which of the following is false?

• A) A guarantor can use any defence against the creditor that the debtor could use.
• B) A legally binding promise to be primarily responsible for someone else's obligation is an indemnity.
• C) A legally enforceable guarantee must satisfy all the elements required to create a binding contract.
• D) A verbal guarantee is as enforceable as a written one.
• E) Subrogation can result in a guarantor's being able to sue successfully the very debtor whose obligation he guaranteed.