What is the difference between a surety and a guarantor? Why is this distinction important to business

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What is the difference between a surety and a guarantor? Why is this distinction important to business law?

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Dynamic Business Law

ISBN: 9781260247893

5th Edition

Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs

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Question Posted: Nov 08, 2023 10:05 PM

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What is the difference between a surety and a guarantor? Why is this distinction important to business

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A surety and a guarantor are both individuals or entities that agree to take responsibility for someone elses obligations such as repaying a loan or f...View the full answer

Dynamic Business Law

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