Which of the following are likely unlimited in terms of which assets the bank can pursue as an unsecured creditor?

Question

Quizplus · Accepted Answer

Contracts of guarantee allow the creditor to pursue any and all assets of the guarantor in case of borrower's default, regardless of the nature of the assets or whether they were originally intended as collateral. Therefore, this option is likely to be unlimited in terms of which assets the bank can pursue as an unsecured creditor. The other options do not provide such unlimited access to the borrower's assets.

Which of the Following Are Likely Unlimited in Terms of Which