A continuing guarantee

Select one:

a. allows a breaching party to pay an amount specified in a contract, rather than facing a lawsuit for damages.

b. is a primary obligation of a third party to pay a debt along with a debtor.

c. is a written commitment not to pursue a legal claim against another.

d. is an equitable principle assuring that when security is repossessed, there will be a period of time during which the debtor can still make payment.

e. allows a creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default.