Multiple Choice
Which of the following statements is true regarding a surety?
A) The creditor must first try to collect from the debtor before the surety becomes obligated on the debt.
B) A surety usually does not become a part of the original agreement between the debtor and the creditor.
C) A surety is obligated to pay the debt as soon as it becomes due.
D) A surety usually enters into a separate contract with the surety who binds him to the first contract between the debtor and the creditor.
Correct Answer:
Verified
Correct Answer:
Verified
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