A change in the terms of a guaranteed note made without the guarantor's consent generally releases the guarantor.

Name: A change in the terms of a guaranteed note made without the guarantor's consent generally releases the guarantor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A guarantor is only responsible for the terms of the note that they have agreed to guarantee. If the terms of the note are changed without their consent, they may no longer be held responsible for the debt.

A Change in the Terms of a Guaranteed Note Made