Multiple Choice
Which of the following contractual defenses are not available to those parties involved in surety relationships?
A) The nonexistence of the principal debtor's obligation
B) Discharge of the principal debtor's obligation
C) Modification of the principal debtor's contract
D) Change in the surety's financial assets
Correct Answer:
Verified
Correct Answer:
Verified
Q49: Fred agreed to loan George $10,000 for
Q50: If a minor principal disaffirms a contract
Q51: In a suretyship,the creditor's rights against the
Q52: If a security interest has attached,it is
Q53: Which of the following is NOT included
Q55: Sureties have a right of exoneration against
Q56: Dale defaults on a car loan secured
Q57: If two parties have unperfected security interests
Q58: An automobile buyer in the ordinary course
Q59: The surety,as defense to payment,may assert a