Which of the following contract defenses cannot be raised as a defense against suretyship obligations?
A) lack of capacity
B) fraud
C) mistake
D) The surety may raise any defense that a party to an ordinary contract may raise.
Correct Answer:
Verified
Q24: The amount of credit specified in a
Q25: Consideration is not required to establish or
Q26: Which of the following is correct concerning
Q26: When a surety pays a debt that
Q27: An American merchant who buys goods from
Q28: A guaranty of payment creates a(n):
A) contract
Q30: Otella borrowed $5,000 from a bank and
Q31: If there are two or more sureties
Q31: A surety that has made payment of
Q33: The use of letters of credit arose
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