Which of the following contract defenses cannot be raised as a defense against suretyship obligations?
A) Lack of capacity
B) Absence of consideration
C) Mistake
D) All of the above defenses may be raised.
Correct Answer:
Verified
Q21: An agreement or provision in an agreement
Q26: When a surety pays a debt that
Q27: A letter of credit cannot extend for
Q30: In a guaranty contract, the obligor is
Q31: If there are two or more sureties
Q34: The issuer of a letter of credit
Q38: A surety that has made payment of
Q38: An issuer has an obligation to honor
Q42: A letter of credit usually sets a:
A)
Q43: Letter of credit transactions involve _ contract(s).
A)
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