Question: A continuing guarantee Select one: a. is an equitable principle assuring that when security is repossessed, there will be a period of time during which

 A continuing guarantee Select one: a. is an equitable principle assuring

A continuing guarantee Select one: a. 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. O b. allows a creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default. O c. allows a breaching party to pay an amount specified in a contract, rather than facing a lawsuit for damages. O d. is a primary obligation of a third party to pay a debt along with a debtor. O e. is a written commitment not to pursue a legal claim against another

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