menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Law for Business Study Set 2
  4. Exam
    Exam 42: Introduction to Security
  5. Question
    If the Creditor Allows the Principal More Time to Perform
Solved

If the Creditor Allows the Principal More Time to Perform

Question 13

Question 13

True/False

If the creditor allows the principal more time to perform the contract without the surety's consent, this relieves the surety of responsibility.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Under the common law, airlines were entitled

Q9: Linda and David borrowed $10,000 from the

Q10: What is a possessory lien? Give an

Q11: Rashid purchased real estate known as Parcel

Q12: There are only two parties to a

Q14: A surety's right to recover his or

Q15: An employee from Hamid's Automobile Inc. called

Q16: What is a deed of trust?

Q17: Artisans who retain goods are liable for

Q18: A guarantor does not join with the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines