Question: tinuing guarantee ( 1 Point ) allows a creditor to advance further funds without affecting the obligation of the guarantor to pay in the event

tinuing guarantee

(1

Point

)

allows a creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default.is an equitable principle assuring that when security is repossessed, there will be a period of time during which the debtor can still make payment.allows a breaching party to pay an amount specified in a contract, rather than facing a lawsuit for damages.

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