Two or more sureties bound for the same debt of a principal debtor are known as:
A) cosureties.
B) conditional guarantors of collection.
C) absolute sureties.
D) co-creditors.

Question

Quizplus · Accepted Answer

Cosureties are individuals who are jointly responsible for the repayment of the same debt of a principal debtor. This means they share the liability and ensure that the debt is paid.

Two or More Sureties Bound for the Same Debt of a Principal