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A Surety Could Avoid Liability for a Principal's Default If

Question 24

Multiple Choice

A surety could avoid liability for a principal's default if the principal had refused to pay the seller-creditor because:


A) the principal was a minor and therefore lacked the capacity to contract.
B) the principal had filed for bankruptcy.
C) the principal was induced to contract with the seller-creditor by fraud or duress.
D) the principal was insane.

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