Creditor to avoid liability after the debtor default


Which of the following defenses may a surety assert against a creditor to avoid liability after the debtor's default?

A) lack of notice of the debtor's default

B) lack of consideration for the surety agreement

C) insolvency of the debtor at the time the surety agreement was made

D) misrepresentation on financial statements provided by the debtor to the surety

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Accounting Basics: Creditor to avoid liability after the debtor default
Reference No:- TGS091440

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