What is the effect of Sean's bankruptcy,if any,on the debt owed by Sean?
A) Sean cannot assert his bankruptcy as a defense because it is a suretyship agreement.
B) Sean may assert his bankruptcy as a defense against paying the debt.
C) Sean cannot assert his bankruptcy as a defense because it is a guaranty agreement.
D) Sean may only assert the bankruptcy as a defense if he filed for bankruptcy based on excessive medical bills.
E) Sean may only assert the bankruptcy as a defense only if he filed for bankruptcy protection within one year of agreeing to liability on Allison's loan.
Correct Answer:
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