Multiple Choice
In which of the following cases can a surety avoid liability for a principal's default?
A) If the principal is a minor and therefore lacks the capacity to contract
B) If the principal has filed for bankruptcy
C) If the principal is induced to contract with the seller-creditor by fraud or duress
D) If the principal is insane
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Under which of the following contract devices
Q23: Zahra agreed to act as surety for
Q24: Forbearance is the method by which a
Q25: In a deed of trust transaction, the
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Q28: _ implies that the creditor has no
Q29: Which of the following defenses goes to
Q30: Which of the following statements is true
Q31: A surety is a person who is
Q32: Which of the following is true of