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) Suretyship; guaranty
B) Guaranty; certified agreement
C) Certified agreement; suretyship
D) Certified agreement; guaranty
E) Guaranty; suretyship
Correct Answer:
Verified
Correct Answer:
Verified
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