A ________ is a contract between a creditor and a third party who agrees to pay another person's debt and is primarily liable for the debt whereas in a ________,a third party,must pay a debt only after the debtor has defaulted.

Question

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A)A suretyship is a contract between a creditor and a third party who agrees to pay
another person's debt.This third party,also known as the surety or cosigner,is primarily liable for the debt.In a guaranty,the third party,usually called the guarantor,must pay the debt only after the debtor has defaulted.
B)A suretyship is a contract between a creditor and a third party who agrees to pay another person's debt.This third party,also known as the surety or cosigner,is primarily liable for the debt.In a guaranty,the third party,usually called the guarantor,must pay the debt only after the debtor has defaulted.
C)A suretyship is a contract between a creditor and a third party who agrees to pay another person's debt.This third party,also known as the surety or cosigner,is primarily liable for the debt.In a guaranty,the third party,usually called the guarantor,must pay the debt only after the debtor has defaulted.
D)A suretyship is a contract between a creditor and a third party who agrees to pay another person's debt.This third party,also known as the surety or cosigner,is primarily liable for the debt.In a guaranty,the third party,usually called the guarantor,must pay the debt only after the debtor has defaulted.
E)A suretyship is a contract between a creditor and a third party who agrees to pay another person's debt.This third party,also known as the surety or cosigner,is primarily liable for the debt.In a guaranty,the third party,usually called the guarantor,must pay the debt only after the debtor has defaulted.

A ________ Is a Contract Between a Creditor and a Third