Multiple Choice
A guaranty of payment creates a(n) :
A) contract of surety.
B) contract of credit.
C) letter of credit.
D) absolute guaranty.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: An agreement or provision in an agreement
Q32: A(n) _ is an undertaking by one
Q33: A letter of credit:<br>A) cannot last for
Q34: When a surety pays a debt that
Q35: Bud is unable to obtain a loan
Q37: In a guaranty contract, the obligor is
Q38: In most states contracts of guaranty do
Q39: A surety that has made payment of
Q40: All of the following contract defenses can
Q41: Subrogation is an agreement that a party