Question 13A party contracts to guaranty the collection of the debts of another. As a result ofthe guaranty, the creditor, upon debtor's default, can immediately proceed againstthe guarantor without further notice.TrueFalseQuestion 14Hudson National Bank files a financing statement regarding a transaction withEcoVibes. To be valid, the financing statement must contain both the debtor's andcreditor's signatures.TrueFalseQuestion 15The Truth-In-Lending Act applies to all merchants that sell consumer goods.TrueFalse

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explain the following terms in your own words and understanding and give specific examples. - Obligations - Contracts - Law - Quasi-Contracts - Quasi-Delicts
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A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, the creditor, upon debtor's default, can immediately proceed against the guarantor without further notice. T/F?
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Question 13 A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, the creditor, upon debtor's default, can immediately proceed against the guarantor without further notice. True False