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Jared Is a Surety for Alfred's Loan from Hometown Bank

Question 47

Multiple Choice

Jared is a surety for Alfred's loan from Hometown Bank.Alfred defaults on his loan.As a surety,Jared can


A) assert Alfred's bankruptcy,but not the statute of limitations as a defense to avoid liability.
B) assert the statute of limitations,but not Alfred's bankruptcy as a defense to avoid liability.
C) assert neither the statute of limitations nor Alfred's bankruptcy as a defense to avoid liability.
D) assert either Alfred's bankruptcy or the statute of limitations as a defense to avoid liability.

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