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iren2701 [21]
4 years ago
5

In a guaranty​ situation, the​ _____ contract is between the person who agrees to pay the debt if the primary debtor does not an

d the original creditor.
Business
1 answer:
Natali5045456 [20]4 years ago
8 0
<span>In a guaranty​ situation, the​ guaranty contract is between the person who agrees to pay the debt if the primary debtor does not and the original creditor.

The guaranty contract outlines the role of the </span>people in the agreement. It shows the lender to borrow agreement and obligation. This agreement serves as a document to make sure the lender has proof in value to get something in return from lending the money. 
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