Multiple Choice
In a guaranty arrangement,the guarantor:
A) Promises to pay the debt of another in any circumstance.
B) Promises to pay the debt of another if that other person does not pay.
C) Promises to pay the debt of another contingent upon the happening of some external event.
D) Promises to assume responsibility for the quality of goods.
E) Promises to collect a debt or debts on behalf of a creditor.
Correct Answer:
Verified
Correct Answer:
Verified
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