Multiple Choice
Which of the following is a characteristic of a personal guarantee?
A) The guarantors cannot be compelled to sign to ensure the granting of a loan.
B) Guarantees are independently negotiated arrangements.
C) Common law permits creditors to change loan terms without the guarantor's consent.
D) Guarantees are one component of a larger credit arrangement.
Correct Answer:
Verified
Correct Answer:
Verified
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