Differentiate between sureties and guarantors of debt

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Reference no: EM131133469

CREDITOR'S RIGHTS

1) Why don't automobile mechanics take out mechanic's liens?

2) Differentiate mechanic's liens from artisan's liens?

3) What creditors options are available if a defaulting debtor has no property?

4) Differentiate between sureties and guarantors of debt

5) Which defenses of the principal are not available to a surety/guarantor?

6) Explain the 3 rights of the surety/gurantor.

Reference no: EM131133469

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