Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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