With regard to guarantees, which of the following is False?
A) A guarantor can use any defence against the creditor that the debtor could use.
B) A legally binding promise to be primarily responsible for someone else's obligation is an indemnity.
C) A verbal guarantee is as enforceable as a written one.
D) Subrogation can result in a guarantor's being able to sue successfully the very debtor whose obligation he guaranteed.
E) A legally enforceable guarantee must satisfy all the elements required to create a binding contract.

Question

Quizplus · Accepted Answer

A verbal guarantee may not be enforceable as it lacks written evidence. Therefore, it is not as enforceable as a written one. The other statements are true.

With Regard to Guarantees, Which of the Following Is False