Question: May a guaranty be given as security for future debts? a) No, as this violates the mutuality of contracts. b) No, as the amount of
May a guaranty be given as security for future debts? a) No, as this violates the mutuality of contracts. b) No, as the amount of the future debt is not yet known. c) Yes, but there can be no claim against the guarantor until the debt is liquidated. d) Yes, provided the amounts of the future debts are already determinable.
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