Multiple Choice
With regard to guarantees and indemnities, which of the following is false?
A) A guarantor can use any defence against the creditor that the debtor could use.
B) A legally binding promise to be primarily responsible for someone else's obligation is an indemnity.
C) A guarantee cannot be enforced in court unless it satisfies the writing requirements set out in statute.
D) Subrogation can result in a guarantor's being able to sue successfully the very debtor whose obligation he guaranteed.
E) A legally enforceable guarantee must satisfy all the elements required to create a binding contract except consideration.
Correct Answer:

Verified
Correct Answer:
Verified
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