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    Exam 28: Secured Transactions and Suretyship
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    A Person Who Promises to Act or Pay Upon the Default
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A Person Who Promises to Act or Pay Upon the Default

Question 29

Question 29

Multiple Choice

A person who promises to act or pay upon the default of another is known as a(n) :


A) surety.
B) debtor.
C) payee.
D) obligor.
E) pledger.

Correct Answer:

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