Beth Entered into a Guaranty Agreement with a Furniture Store

Essay

Beth entered into a guaranty agreement with a furniture store in order for her sister,Sue,to be able to buy furniture on credit from the store.There was a security agreement,with the furniture pledged as collateral.Sue ceased making payments,claiming the furniture was defective.Several months later,Sue successfully filed bankruptcy,relieving her from all of her preexisting debts.Discuss this situation.