The distinctions between a surety and a guarantor have been abolished in all states.
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Q9: A default occurs when a debtor fails
Q12: Payment of the principal obligation will not
Q13: Federal law governs garnishment actions.
Q15: An artisan's lien is possessory.
Q18: A guaranty contract must be in writing
Q21: Fact Pattern 28-1A (Questions A12-A15 apply)
Dollar Value
Q22: In a suretyship relationship, a third person's
Q22: Francie's debt to Gage is past due.Gage
Q28: A surety is primarily liable for the
Q33: In a few states, statutes allow the
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