Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

With regard to guarantees and indemnities, which of the following is false? Select one: a. A guarantor can use any defence against the creditor that

image text in transcribed
With regard to guarantees and indemnities, which of the following is false? Select one: a. A guarantor can use any defence against the creditor that the debtor could use. O b. A legally binding promise to be primarily responsible for someone else's obligation is an indemnity O C. A guarantee cannot be enforced in court unless it satisfies the writing requirements set out in statute. O d. Subrogation can result in a guarantor's right to sue successfully the very debtor whose obligation he/she guaranteed O e. A legally enforceable guarantee must satisfy all the elements required to create a binding contract, except consideration

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Ewan McKendrick

10th Edition

1137293705, 978-1137293701

More Books

Students also viewed these Law questions

Question

What does this look like?

Answered: 1 week ago