In a contract for suretyship the third party who is responsible for the borrower's payment obligations, or performance, to a creditor is known as the:

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A surety is a third party who is responsible for the borrower's payment obligations or performance to a creditor in a contract for suretyship. The other options are not accurate descriptions of the third party in this type of contract.

In a Contract for Suretyship the Third Party Who Is