Multiple Choice
Which of the following is true of a contract of suretyship?
A) There is no debtor in a contract of suretyship.
B) There is no creditor in a contract of suretyship.
C) The suretyship creates an express contract with a creditor, under which the surety is primarily liable.
D) The suretyship creates an express contract with a creditor, under which the surety is secondarily liable.
Correct Answer:
Verified
Correct Answer:
Verified
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