Multiple Choice
Which of the following statements is true regarding a guarantor?
A) In order to be a guarantor,a person must enter into a deed of trust with the principal debtor.
B) A guarantor is primarily liable for the debt along with the principal debtor.
C) Generally,a guarantor's promise must be made in writing to be enforceable under the statute of frauds.
D) A guarantor joins the principal debtor in making a promise.
Correct Answer:
Verified
Correct Answer:
Verified
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