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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

A guaranty secures future debts whose amounts are not yet known. A creditor demands payment before any such debt is liquidated. Which statement follows Article 2053?

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Future-debt guaranties can exist, but no claim against the guarantor arises until the debt is liquidated Every future-debt guaranty is void The guarantor must pay any number the creditor invents The debt automatically becomes a gift

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