What is the legal difference between a surety and a guarantor?
Question:
What is the legal difference between a surety and a guarantor?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
A surety as a general rule is a party to the original contract of the principal he signs his name to ...View the full answer
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. What is the legal issue here? 2. What is the difference between an assignment and a delegation?
-
What is the difference between a certified legal assistant and a registered paralegal?
-
What is the legal significance of the difference between a mistake in judgment as to market conditions and a mistake of fact?
-
The profit before tax as reflected in the draft statement of comprehensive income of Sword Limited for the financial years ended 31 December 2020 and 31 December 2021 respectively was as follows:...
-
In Problem, construct a truth table for the proposition and determine whether the proposition is a contingency, tautology, or contradiction. pn(p q)
-
If an investor gives $100,000 cash to purchase ownership interest to a company, gives a $50,000 cash loan to the same company at 8%, due in 10 years, and the company then purchases $20,000 in...
-
Comment on the phrase information system is an open system.
-
In a stroke of good luck, your company has uncovered an opportunity to invest for 10 years at a guaranteed 6% rate of return. How would you determine the opportunity cost of capital for this...
-
Required: 1. Prepare and complete a worksheet. WOLKSTEIN DRUG COMPANY Worksheet December 31, 2024 Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance Income Statement Balance Sheet...
-
IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting...
-
What makes the mechanics lien so powerful?
-
What does a signature on a credit card indicate? If the card is lost or stolen, generally what is the cardholders liability?
-
In Problems, find the slope of the line passing through the given pair of points. (-4, 2) and (-4, -2)
-
Amazon has reinvented itself again and again and thrived on organizational change. Since the company went online in 1995, the e-commerce giant has evolved under the leadership of one personJeff...
-
You are evaluating two possible stock investments, Leverage Co. and Value Corp. Leverage Co. has an expected return of 10% and a beta of 1.4. Value Corp. has an expected return of 10% and a beta of...
-
Scoria is a company that helps provide colleges and universities with the tools needed to offer degree programs online. The firms basic package provides services like the learning management system...
-
Cost-containment strategies embraced by MCOs were a direct result of the FFS experience with ever-increasing utilization and healthcare costs. However, many consumers and providers chafe at the...
-
A small wave pulse and a large wave pulse approach each other on a string; the large pulse is moving to the right. Some time after the pulses have met and passed each other, which of the following...
-
You are to make monthly deposits of $500 into a retirement account that pays 10.3 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your...
-
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
-
Lean Corporation was incorporated in 1981 by Bruce Smith, who has served as an officer and member of the Board of Directors. Carl Jones has served as the secretary-treasurer of the company as a...
-
Explain how committee reports can be used in tax research. What do they indicate?
-
Does Title 26 contain statutory provisions dealing only with income taxation? Explain.
-
Alpha Company is evaluating a make-or-buy decision. The unit material costs for circuit boards are $1.00 and the unit labor and allocated fixed costs are $2.00 and $4,000, respectively, for a...
-
A toy car rolls along a curved track as shown below. The track has a tall incline that gradually slopes downward to a ramp that makes a 40 angle with the horizontal. The car is placed at point A, at...
-
Courtland Incorporated owns a $1 million office building which it insures under a Building and Personal Property Coverage Form (BPP) with an 80 percent coinsurance provision. In an effort to reduce...
Study smarter with the SolutionInn App