Mod 31 Wrong Answers Flashcards
1
Q
Since surety is primarily liable on the debt of the principal debtor, the creditor can…
A
Seek payment directly from surety as soon as debt is due
2
Q
The creditor collecting from the debtor or compelling the creditor to proceed against any collateral the principal debtor may have…
A
Cannot be required by the surety
3
Q
The surety may use his or her defenses of…2
A
1 incapacity of the surety or bankruptcy of the surety
2 to limit his/her own liability
4
Q
The surety may not use…
A
Personal defenses of debtor
5
Q
The surety is primarily liable on…
A
The debt of the principal debtor
