Definition Of A Guarantor
Which of the following best defines a guarantor in contract law?
AA party who initiates legal action if the debtor defaults.
BA creditor who absorbs the financial loss if the debtor defaults.
CA party who promises to pay a debt if the primary debtor defaults.
DA party who assumes legal penalties on behalf of the creditor if the debtor defaults.
Question Leaderboard
Not enough data yet to show leaderboard.