Beth entered into a guaranty agreement with a furniture store in order for her sister,Sue,to be able to buy furniture on credit from the store.There was a security agreement,with the furniture pledged as collateral.Sue ceased making payments,claiming the furniture was defective.Several months later,Sue successfully filed bankruptcy,relieving her from all of her preexisting debts.Discuss this situation.

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The Answer of Beth entered into a guaranty agreement with a furniture store in order for her sister,Sue,to be able to buy furniture on credit from the store.There was a security agreement,with the furniture pledged as collateral.Sue ceased making payments,claiming the furniture was defective.Several months later,Sue successfully filed bankruptcy,relieving her from all of her preexisting debts.Discuss this situation.

Beth Entered into a Guaranty Agreement with a Furniture Store