True/False
If the creditor allows the principal an extension of time to perform the contract,compensated sureties are relieved of liability unless they consent to the extension of time.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: _ of the Uniform Commercial Code sets
Q17: The common law lien and most of
Q36: If Jack is a surety for John,Jack's
Q37: A common law lien essentially includes:<br>A)only possession
Q38: Accommodation sureties:<br>A)are people paid for serving as
Q42: A guarantor is a person who:<br>A)joins with
Q43: A surety:<br>A)is liable for the performance of
Q44: In a 'deed of trust' transaction,the borrower
Q45: Linda and David borrowed $10,000 from the
Q46: People who contract to furnish labor or