Multiple Choice
What happens if a guarantor is called upon to satisfy the debtor's obligations?
A) The contract of guarantee is modified so that the guarantor is named as the debtor.
B) The guarantor can recover his funds from the creditor.
C) The rights of the creditor against the debtor are exercisable by the guarantor against the debtor.
D) The guarantee is automatically discharged.
Correct Answer:

Verified
Correct Answer:
Verified
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