Sureties have no rights to protect them from loss,to obtain their discharge because of the conduct of others that would be harmful to them,or to recover money that they were required to pay because of the debtor's breach.
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Q4: Suretyship and guaranty transactions have the common
Q5: Letters of credit are a form of
Q6: The creditor first must proceed against the
Q7: If the creditor does not enforce the
Q8: A third party arrangement occurs when a
Q8: Standby letters of credit are used only
Q12: Under an indemnity contract, one person pays
Q13: A surety is never discharged if the
Q14: Suretyship is a pledge to pay one's
Q15: If a debtor is about to leave
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