Which of the following are defenses that a guarantor or a surety could use that would relieve them of payment liability?

Name: Which of the following are defenses that a guarantor or a surety could use that would relieve them of payment liability?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Statute of Frauds requires certain agreements, including those of guarantors and sureties, to be in writing to be enforceable. If the agreement is not in writing, it may not be enforceable, relieving the guarantor or surety of payment liability.

Which of the Following Are Defenses That a Guarantor or a Surety