Mod 31 Wrong Answers Flashcards Preview

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Flashcards in Mod 31 Wrong Answers Deck (5)
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1
Q

Since surety is primarily liable on the debt of the principal debtor, the creditor can…

A

Seek payment directly from surety as soon as debt is due

2
Q

The creditor collecting from the debtor or compelling the creditor to proceed against any collateral the principal debtor may have…

A

Cannot be required by the surety

3
Q

The surety may use his or her defenses of…2

A

1 incapacity of the surety or bankruptcy of the surety

2 to limit his/her own liability

4
Q

The surety may not use…

A

Personal defenses of debtor

5
Q

The surety is primarily liable on…

A

The debt of the principal debtor

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