Which of the following defenses by a surety will be effective to avoid liability? a. Lack of

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Which of the following defenses by a surety will be effective to avoid liability?

a. Lack of consideration to support the surety undertaking

b. Insolvency in the bankruptcy sense of the debtor

c. Incompetency of the debtor to make the contract in question

d. Fraudulent statements by the principal debtor that induced the surety to assume the obligation and that were unknown to the creditor AppendixLO1

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Anderson's Business Law And The Legal Environment

ISBN: 9780324638189

20th Edition

Authors: David P Twomey, Marianne M Jennings, Ivan Fox

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