Which of the following is not a suretyship defense?
A) statute of limitations
B) performance of the obligation by the principal debtor
C) creditor substitution of the original debtor with a new one
D) insolvency of bankruptcy of the principal debtor
Correct Answer:
Verified
Q43: Letter of credit transactions involve _ contract(s).
A)
Q44: Bud is unable to obtain a loan
Q45: A letter of credit: _.
A) is an
Q46: Howard bought goods from Williams. Howard sent
Q47: A letter of credit usually sets a:
A)
Q48: A letter of credit:
A) cannot last for
Q49: Bailment given as security for the payment
Q50: Deirdre read that bids were being solicited
Q52: An agreement under which one party agrees
Q53: Under the _, the respective parties are
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