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Author Question: With regard to guarantees, which of the following is true? (Read 110 times)

FButt

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  • Posts: 519
on: Aug 7, 2021

Question 1

Which of the following is not able to file a lien against the property under the Builders' Lien Act?
◦ contractors
◦ lenders
◦ suppliers
◦ workers
◦ subcontractors

Question 2

With regard to guarantees, which of the following is true?
◦ If the creditor and the debtor change the terms of the agreement without permission of the guarantor, the guarantor will not be bound by the new terms, but will still be bound by the original obligations.
◦ A guarantor has less defence against the creditor that the debtor could use.
◦ A guarantee involves the guarantor agreeing to be responsible for the debt if the debtor defaults.
◦ A verbal guarantee is as enforceable as a written one.
◦ A guarantee and an indemnity are very similar in that the debtor and the guarantor stand side-by-side, both obligated under the contract.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by FButt on Aug 7, 2021

bfulkerson77

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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FButt

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Reply 2 on: Aug 7, 2021
Excellent

FergA

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Reply 3 on: Yesterday
:D TYSM

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