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Why Is a Guaranty Contract Similar to a Suretyship Contract

Question 71

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Why is a guaranty contract similar to a suretyship contract?


A) Both a guarantor and a surety join the principal in making a promise.
B) Both a surety and a guarantor are primarily liable for the performance of another's debt.
C) Both a guarantor and a surety are secondarily liable for the performance of another's debt.
D) Both a guarantor and a surety agree to answer for the obligations of a debtor.

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