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  3. Study Set
    Essentials of Business Law and the Legal Environment Study Set 1
  4. Exam
    Exam 37: Secured Transactions and Suretyship
  5. Question
    If the Surety Is A(n) ___________, Then the Creditor May
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If the Surety Is A(n) ___________, Then the Creditor May

Question 9

Question 9

Multiple Choice

If the surety is a(n) ___________, then the creditor may hold the surety liable as soon as the principal debtor defaults.


A) absolute surety
B) mortgagee
C) subrogee
D) conditional surety

Correct Answer:

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