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.

Name: 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.
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Question

Quizplus · Accepted Answer

Cosureties are multiple sureties who are jointly responsible for the same obligation of a principal debtor.

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