Multiple Choice
Mike owes $12,000 to Nora,$6,000 to Owen,and $6,000 to Pat.The three creditors enter into an agreement with Mike to discharge the debts on payment of a sum of $12,000 to them,to be divided proportionately.This is
A) a composition agreement.
B) a guaranty agreement.
C) a judicial lien.
D) a suretyship agreement.
Correct Answer:
Verified
Correct Answer:
Verified
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