Multiple choice

A guarantee which extends to a series of transactions is known as a __________ guarantee.

  1. Continuing

  2. Invalid

  3. Irrevocable

  4. General

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A Guarantee which extends to a series of transactions is called a continuing guarantee. A continuing guarantee may at any time be revoked by the surety, as to future transactions, by notice to the creditor.