Author Question: A person who becomes a party to an instrument to add strength to the instrument for the benefit of ... (Read 109 times)

captainjonesify · **on:** Jun 24, 2018

A person who becomes a party to an instrument to add strength to the instrument for the benefit of another party to the instrument is called a:
A) benefactor.
B)secondary obligor.
C) collateral obligor.
D) contingent beneficiary.

Question 2

Describe the protections of the Soldiers and Sailors Relief Act.

mammy1697 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

B

Answer to Question 2

The act, recently amended to afford greater protections for those on active duty in Iraq, allows active duty military personnel a reprieve from foreclosure on their residences while they are on active military duty. Foreclosures are postponed during active duty. Those called up from reserves for active duty also enjoy the protections.