In most states contracts of guaranty do not have to be in writing to be enforceable.
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Q1: A surety is discharged if the creditor
Q2: If the creditor does not enforce the
Q3: Subrogation is an agreement that a party
Q4: Suretyship and guaranty transactions have the common
Q6: When a surety pays a claim that
Q7: A guaranty of collection allows the creditor
Q8: Standby letters of credit are used only
Q9: Letters of credit are a two-party agreement
Q10: Sureties have no rights or remedies to
Q11: When a suretyship or guaranty contract is
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