Question: A loan guarantee Multiple select question. assigns no liability to the guarantor until default occurs. is called on by the creditor to pay the debt
A loan guarantee
Multiple select question.
assigns no liability to the guarantor until default occurs.
is called on by the creditor to pay the debt in rare instances.
becomes null and void if the debtor and creditor change terms of the original loan without the written permission of the guarantor.
permits the debtor to cancel the loan at any time with no legal remedies.
must be in writing.
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