If a commercial contractor specifies parties to the contract are jointly and severally liable,this creates what type of relationship?
A)A grantor relationship
B)A surety relationship
C)A secondary liability relationship
D)A principal relationship

Question

Quizplus · Accepted Answer

Most commercial contracts and promissory notes today that are to be signed by multiple parties provide for the parties to be "jointly and severally" liable,thus making the surety relationship the primary one.

If a Commercial Contractor Specifies Parties to the Contract Are