Solved

What Happens If a Guarantor Is Called Upon to Satisfy

Question 18

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:

verifed

Verified

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

Related Questions