If the surety is a(n) ___________, then the creditor may hold the surety liable as soon as the principal debtor defaults.
A) absolute surety
B) conditional surety
C) subrogee
D) mortgagee

Question

Quizplus · Accepted Answer

An absolute surety means the surety guarantees the debt will be paid if the principal debtor defaults, allowing the creditor to demand payment from the surety immediately upon default without pursuing the debtor first.

If the Surety Is A(n) ___________, Then the Creditor May