In a guaranty situation, the original contract is between the ________.
A) creditor and the guarantor
B) debtor and the creditor
C) debtor and the guarantor
D) creditor and the lessee

Question

Quizplus · Accepted Answer

In a guaranty situation, the original contract is between the debtor and the creditor. The guarantor comes in as a third party and guarantees the debtor's obligation to the creditor. Therefore, option B is the correct answer.

In a Guaranty Situation, the Original Contract Is Between the ________