***Using the Legal Links and Refer all material to the textbook Business Law in Canada(12th edition) by Yates, Bereznicki-Korol, Clarke, and Palmer When Answer the Question***

Which of the following statements regarding the securing of debt is true? Select one: a. A debtor is advised to get legal advice before entering into a loan agreement with a creditor. A guarantee however is a mere formality after the original loan agreement is executed. Accordingly, for a guarantor to get independent legal advice prior to executing the guarantee is largely unnecessary. b. A guarantee is a contract between the lender and the guarantor. All elements for a valid legal contract must be satisfied, including consideration. A written contract for a guarantee is recommended but not mandatory. The contract between the debtor and lender however, must always be in writing. c. A guarantee is a contract between the debtor and the guarantor. The guarantor agrees to pay the debtor's debt obligation in the event of default. d. There is a requirement that a guarantor appear before a notary public to execute a guarantee. e. The term guarantee, otherwise known as an indemnity, refers to a primary debt obligation.