Which of the following statements is true of accommodation sureties?
A) They are people paid for serving as a surety.
B) They are protected by the courts at a higher level than other types of sureties.
C) They must show that they will be harmed by an extension of time before they are relieved of responsibility.
D) They are professional companies that take payment for acting as a surety.

Question

Quizplus · Accepted Answer

An accommodation surety is a person who acts as a surety without compensation, such as a friend who cosigns a note as a favor. The courts are more protective of accommodation sureties than of compensated sureties.

Which of the Following Statements Is True of Accommodation Sureties