Question
Bryan Industries entered into a contract with Hondo Designs, where Bryan would deliver 100 computers on credit to Hondo. Larry agreed to guarantee the payments
Bryan Industries entered into a contract with Hondo Designs, where Bryan would deliver 100 computers on credit to Hondo. Larry agreed to guarantee the payments that Hondo owed to Bryan. If Bryan breached the contract, which of the following is correct?
a. Larry would have a defense to payment of breach of contract only if he was a surety
b. Larry would have a defense to payment of breach of contract
c. Larry would have a defense to payment of breach of contract only if he was a guarantor
d. Larry would be obligated to pay whether he was a surety or a guarator e. Larry would be obligated to pay only if the transactions was a consensual lien.
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