Which of the following contractual defenses are not available to those parties involved in surety relationships?
A) The nonexistence of the principal debtor's obligation
B) Discharge of the principal debtor's obligation
C) Modification of the principal debtor's contract
D) Change in the surety's financial assets

Question

Quizplus · Accepted Answer

A change in the surety's financial assets is not a contractual defense and is not relevant to a surety relationship. The other options listed (nonexistence of the obligation, discharge of obligation, and modification of contract) can be contractual defenses in a surety relationship.

Which of the Following Contractual Defenses Are Not Available to Those