menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 31: Nature of the Debtor Creditor Relationship
  5. Question
    Suretyship and Guaranty Transactions Have the Common Feature of a Promise
Solved

Suretyship and Guaranty Transactions Have the Common Feature of a Promise

Question 6

Question 6

True/False

Suretyship and guaranty transactions have the common feature of a promise to answer for the debt or default of another.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: A letter of credit usually sets a:<br>A)

Q2: The amount of credit specified in a

Q3: Consideration is not required to establish or

Q4: The use of letters of credit arose

Q5: Sureties have no rights or remedies to

Q7: In a letter of credit the beneficiary

Q8: A surety may not raise the defense

Q9: Bailment given as security for the payment

Q10: Standby letters of credit are used only

Q11: Indemnity is the right of a co-obligator

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines