If the principal does not pay the creditor, and the surety has to satisfy the debt, the principal:
a. is only obligated to repay the surety 25 of the debt b. is not obligated to repay the surety
c. is only obligated to repay the surety in some states
d. is only obligated to repay the surety 50 of the debt e. none of the other choices are correct
Question 2
In U.S. v. Trenton Potteries, a group of sanitary potters successfully argued that reasonable price-fixing agreements were legal.
a. True
b. False
Indicate whether the statement is true or false
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What principal will earn $77.14 interest at 6.65% p.
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