A suretyship is terminated if the debtor and creditor change the terms of the agreement without the consent of the surety.
Correct Answer:
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Q12: A court order directing a debtor to
Q13: A secured creditor may repossess the debtor's
Q14: A guaranty requires consideration to be enforceable.
Q15: An unsecured debt
A) must be oral.
B) must
Q16: A debt based solely on the debtor's
Q18: If a creditor sells repossessed property, any
Q19: An architect not paid for services may
Q20: A debtor's promise to pay must be
Q21: The major difference between guaranty and suretyship
Q22: If a creditor believes that a debtor
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