Multiple Choice
To be relieved of obligations as surety,a compensated surety must show that:
A) he is secondarily liable for the payment of the debt.
B) a change in the contract was material and prejudicial to him.
C) he lacks the capacity to fulfill his promise.
D) he has provided adequate collateral to the creditor.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: What Article of the UCC deals with
Q50: When a creditor keeps property in satisfaction
Q51: The most common kind of change affecting
Q52: Xavier deeds to Peter,a trustee,his property in
Q53: A _ is a type of contractual
Q55: A(n)_ is secondarily liable for the debt
Q56: Robert cosigns a note for his friend
Q57: Which of the following statements is true
Q58: The key difference between secured and unsecured
Q59: Payne borrowed $500 from Long Bank.At the