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True or False 1. Full payment of the principal obligation by any surety or guarantor will discharge the other sureties and guarantors from all obligations

True or False

1. Full payment of the principal obligation by any surety or guarantor will discharge the other sureties and guarantors from all obligations including to each other.

2. Sureties are secondarily liable.

3. Tools of the trade are not exempt from satisfaction of unsecured creditors' judgments.

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