asked 10.5k views
4 votes
Sureties and guarantors may be released from their promises if the parties to the debt contract make a _________ modification to the terms without the consent of the surety or guarantor. In addition, if the creditor

_________the collateral to the debtor or ____________ the value of the collateral, the obligation of the surety or guarantor may be ________. Finally, any_______________ of the principal obligation by the debtor will ____________the surety or guarantor from the obligation.

asked
User Lobstah
by
7.3k points

1 Answer

3 votes

Answer:

Material; Surrenders; Impairs; Reduced; Payment; Discharge.

answered
User Mkon
by
8.3k points
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