menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 1
  4. Exam
    Exam 29: Creditors Rights and Remedies
  5. Question
    A Surety Can Be Required to Pay an Obligation Only
Solved

A Surety Can Be Required to Pay an Obligation Only

Question 26

Question 26

True/False

A surety can be required to pay an obligation only after the principal debtor defaults and usually only after the creditor has made an attempt to collect from the debtor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Recording a mortgage perfects the lender's security

Q21: A surety is entitled to receive from

Q22: Stanley's debt to Town Bank is past

Q24: Fact Pattern 29-2B (Questions B17-B19 apply)<br>Robin's home

Q25: Gena borrows $350,000 from Fish Island Bank

Q28: Ronaldo's debt to Sofia is past due.

Q30: The purpose of the homestead exemption is

Q31: Liens generally take priority over other claims

Q52: Personal property that is most often exempt

Q53: The roof in Rosalyn's house springs a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines