Multiple Choice
Which of the following contract defenses cannot be raised as a defense against suretyship obligations?
A) lack of capacity
B) fraud
C) mistake
D) The surety may raise any defense that a party to an ordinary contract may raise.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: The amount of credit specified in a
Q4: The use of letters of credit arose
Q5: A surety may raise the defense of
Q6: Suretyship and guaranty transactions have the common
Q8: A surety primarily is liable; ordinarily, a
Q12: Suretyship is governed by the UCC.
Q23: The issuer of a letter of credit
Q29: Letters of credit are a form of
Q46: A letter of credit cannot extend for
Q52: An absolute guaranty creates the same obligation