Two or more sureties bound for the same debt of a principal debtor are known as:
A) absolute sureties.
B) cosureties.
C) conditional guarantors of collection.
D) co-creditors.

Question

Quizplus · Accepted Answer

Cosureties are two or more sureties who are bound together for the same debt of a principal debtor, sharing the liability and responsibility for ensuring the debt is repaid.

Two or More Sureties Bound for the Same Debt of a Principal