In a guaranty situation, the original contract is between the ________
A) creditor and the guarantor
B) debtor and the creditor
C) debtor and the guarantor
D) creditor and the lessee
B
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Indicate whether the statement is true or false.
Some favorite Web sites usually cover these things news, weather, and sporting events
a. colon b. comma c. no additional mark
Fact Pattern 21-1BFirst State Bank issues a letter of credit in favor of Oboe Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.Refer to Fact Pattern 21-1B. First State Bank is bound to
A. make sure that the parties perform the contract. B. verify with Oboe that the transaction has been completed. C. make payment when Lapland presents the proper documents. D. pay Lapland whenever it asks to be paid.
Directors are not expected to act in accordance with their own knowledge and training, but to rely on information given to them by certain other persons
Indicate whether the statement is true or false