Solved

A Surety May Raise the Defense of Lack of Capacity

Question 5

True/False

A surety may raise the defense of lack of capacity of parties, absence of consideration, fraud, or mistake.

Related Questions

Q2: The creditor's failure to give the surety

Q2: The amount of credit specified in a

Q6: Suretyship and guaranty transactions have the common

Q8: A surety primarily is liable; ordinarily, a

Q10: Which of the following contract defenses cannot

Q18: The issuer of a letter of credit:<br>A)

Q29: Letters of credit are a form of

Q36: A guaranty of payment creates a(n):<br>A) contract

Q41: The creditor first must proceed against the

Q52: An absolute guaranty creates the same obligation