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A ________ Is a Contract Between a Creditor and a Third

Question 54

Multiple Choice

A ________ is a contract between a creditor and a third party who agrees to pay another person's debt and is primarily liable for the debt whereas in a ________,a third party,must pay a debt only after the debtor has defaulted.


A) Certified agreement;suretyship
B) Guaranty;suretyship
C) Suretyship;guaranty
D) Guaranty;certified agreement
E) Certified agreement;guaranty

Correct Answer:

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