Question: Petro Refinery asks Quality Bank for a loan to increase its inventory. Quality requires Rose, Petros president, to sign a personal guaranty to pay the

Petro Refinery asks Quality Bank for a loan to increase its inventory. Quality requires Rose, Petros president, to sign a personal guaranty to pay the debt if Petro defaults. Rose is a guarantor. The guaranty is required to be in writing because

the main purpose rule applies.

the co-signer has a right of contribution.

the main purpose rule does not apply.

the debtor has a right of redemption.

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