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A Legal Defeasance May Occur as a Result Of

Question 22

Multiple Choice

A legal defeasance may occur as a result of:


A) Legal judgement, assumption of the debt by a third party or forgiveness of the debt.
B) The issuance of a guarantee by the debtor, the assumption of the debt by the lender, legal judgement or the repayment of the debt.
C) The issuance of an indemnity by a related company, or the forgiveness of the debt by the borrower.
D) The assumption of the debt by a related company, legal judgement, or the forgiveness of the debt by the borrower.
E) None of the given answers.

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