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) conditional surety
C) subrogee
D) mortgagee
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q28: What contractual defenses are available to those
Q29: The UCC defines a debtor's rights in
Q30: A car buyer in the ordinary course
Q31: In states which have adopted certificate of
Q32: Under Article 9 of the UCC, a
Q34: Mr. Chickilini is a surety for Wayne
Q35: Assume you are the creditor in each
Q36: A defense that can only be asserted
Q37: The right of exoneration allows the surety
Q38: Which of the following is a type