Which of the Following Is True About Both Sureties and Guarantors

Multiple Choice

Which of the following is true about both sureties and guarantors?

A) The arrangement is one in which the surety or guarantor agrees to pay the debt of another party, under certain circumstances.
B) The surety or guarantor becomes secondarily liable on the debt.
C) The obligation arises only if the debt cannot be collected from the primary debtor.
D) The bankruptcy of the primary debtor will release both the primary debtor and the surety or guarantor from the debt.
E) The defense of the debtor's incapacity may be asserted.