menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Smith and Robersons Business Law
  4. Exam
    Exam 15: Contracts in Writing
  5. Question
    A Collateral Promise Is an Undertaking to Be Primarily Liable
Solved

A Collateral Promise Is an Undertaking to Be Primarily Liable

Question 61

Question 61

True/False

A collateral promise is an undertaking to be primarily liable for the principal debtor's debt.

Correct Answer:

verifed

Verified

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

Related Questions

Q56: A usage of trade is a practice

Q57: What is another name for the main

Q58: An example of language creating a suretyship

Q59: Blevins,Inc.calls the Widget Corporation of America to

Q60: ABC Corp.is building a new office tower.Ace

Q62: Which of the following need NOT be

Q63: In determining the meaning of a contract

Q64: Under the UCC,a(n)_ is a practice or

Q65: The test under the one-year provision of

Q66: Yukino pays $500 toward the purchase of

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