Question: Generally to avoid liability insurer tea or guarantor cannot use any defenses available to the principal debtor. True or false

Generally to avoid liability insurer tea or guarantor cannot use any defenses available to the principal debtor. True or false

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

Generally, any defenses available to a principal debtor cannot be used by a surety or guarantor to avoid liability on the obligation to the creditor. True False

Q:

In a common law system, the courts independently develop the rules governing certain areas of the law. Question 9 options: True False Question 10 (1 point) Saved Antidumping duties are the...

Q:

1. One of the parties delivers to another, either something not consumable so that the latter may use the same for a certain time and return it. a. Mutuum b. Commodatum c. Barter d. Dacion en pago 2....

Q:

Helen Caldicott raises a family and then begins a career as a caterer. As her business grows, she hires several employees and rents space near downtown that has a retail space, parking, and a garage...

Q:

1. List and define the four type of damages, which are usually determined by the jury 2. Terry O'Rourke, a 25-year old patient of Dr. Williams, refuses to take her medication to control diabetes and...

Q:

1.One of these promissory notes is not secured by mortgage or any other collateral: a.Bottomry bond b.Mortgage bond c.Debenture d.Insurer's bond 2.First statement: A promissory note that is payable...

Q:

The term ________ refers to a secured creditor's repossession of collateral on a debtor's default and selling, leasing, or otherwise disposing of it in a commercially reasonable manner. A....

Q:

The parties to a sales contract may agree as to the time, place, and manner of delivery. True False 0.53 points QUESTION 2 Unless the parties agree otherwise, the credit period begins to run from the...

Q:

ut the de 24) In an alternative obligation, the basis of indemnity for the creditor is the gar value of the A. First service which became impossible plus damages. B. Last service which became...

Q:

26. The courts will use ___________ to determine how much should be paid when a person providing the services is not allowed, by a breaching party, to finish the job. Select one: past consideration...

Q:

Interpret each of the following probability statements, using the frequentist interpretation of probability. a. The probability is 0.487 that a newborn baby will be a girl. b. The probability of a...

Q:

If 1.0 mol of a monatomic gas has a total internal energy of at a certain temperature, what is the total internal energy of 1.0 mol of a diatomic gas at the same temperature?

Q:

Which frame transmits from the NPV Edge to the NPV Core switch after the NPV Edge receives a FLOGI frame from the HBA? solicitation advertisement FDISC FPMA SPMA

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.