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DSST Business Law II Exam Prep

Category - DSST Business Law II

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What type of liability does a surety have for paying the principal debtor's debt when it becomes due?

Primary
Tertiary
Secondary
None
Absolute

Explanation

Answer: C. A surety has a secondary liability for paying the principal debtor's debt when it becomes due. The principal's liability is primary. A surety is person who agrees to be responsible for another's debt.
Category: Legal Environment

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