Question: In a guaranty situation, the _ _ _ _ _ contract is between the person who agrees to pay the debt if the primary debtor

In a guaranty situation, the_____ contract is between the person who agrees to pay the debt if the primary debtor does not and the original creditor.
Question content area bottom
Part 1
A.
subrogation
B.
primary
C.
guaranty
D.
licensing
E.
original

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 General Management Questions!

Q:

Choose the correct answer Multiple Choice: Write the letter of correct answer on the space provided before each number. 1. A contract that can stand by itself is known as: a. Accessory contract b....

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

1. Was VAAF contractually obligated to pay Chad for refraining from smoking? 2. Was there consideration to support its promise to pay $500? 3. Are there other facts you need to know to make that...

Q:

Law questions Down Payment A. The right of a defaulzing borrower to redeem property before a foreclosure sale by paying the fuil amount of the debt, plus any interest and costs that have accrued...

Q:

For the given actual case journal, answer the following questions: 1. What is the claim of the respondent/petitioner in the case? 2. What is/a re the evidence to support the claim of the...

Q:

12 Investing in Financially Distressed and Bankrupt Securities As we have learned from the history of the jurk band market, investors have traditionally attached a stigma to the securities of...

Q:

12 Investing in Financially Distressed and Bankrupt Securities As we have learned from the history of the junk-bond market, investors have traditionally attached a stigma to the securities of...

Q:

CASE DIGEST FIND THE facts , issue & ruling GR. No. 147561 June 22, 2006 STRONGHOLD lNSURANCE COMPANY, INC., Petitioner, vs. REPUBLIC-ASAHI GLASS CORPORAHON. Respondent. o E c I s I o N PANGANIBAN....

Q:

OBLIGATIONS AND CONTRACTS (Arts. 1169-1178, Civil Code of the Philippines) Questions: 1. B and C entered into a contract wherein B would deliver to C 10 cases of softdrinks on March 30, 2022. B...

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:

Why the estimation of shear modulus in plane 1-2 (G12) from stress strain curve in non PMC (i.e ox vs. Ex) yields over estimated result? Also describe the correct way of estimating G12.

Q:

Billy runs a bakery and sells egg tarts. His business has been booming in recent years because the Chief Minister of the stat which case establishes precedent for this? and which damages would be...

Q:

For attributes sampling, of the three factors that enter into sample size determination, which two factors can the auditor adjust to reflect the importance of the control? Group of answer choices...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....