A Continuing Guarantee

question 33

Multiple Choice

A continuing guarantee

• A) allows a breaching party to pay an amount specified in a contract, rather than facing a lawsuit for damages.
• B) allows a creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default.
• C) is a written commitment not to pursue a legal claim against another.
• D) is an equitable principle assuring that when security is repossessed, there will be a period of time during which the debtor can still make payment.
• E) is a primary obligation of a third party to pay a debt along with a debtor.

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Definitions:

Cognitive Marker

A disease marker that is cognitive in nature, typically involving a test of attention, memory, or reasoning.

Auditory Hallucinations

The experience of hearing sounds, such as voices, music or noises, that are not present in the external environment.

Prior to 1700

Referring to events, conditions, or periods that happened before the year 1700.

Family Intervention Studies

Research efforts that explore the impact of specific interventions on family dynamics and outcomes, particularly in the context of health, behavioral, or psychological issues.