Answer YES or NO:
5.1 Do all parties to a suretyship agreement need to be aware of its existence? (2)
5.2 Does the surety agreement require writing? (2)
5.3 Is it allowed to cede a suretyship agreement to a third party?
5.1 Yes
5.2 Yes
5.3 No
5.1 Yes, all parties to a suretyship agreement need to be aware of its existence.
5.2 Yes, the surety agreement typically requires writing.
5.3 No, it is generally not allowed to cede a suretyship agreement to a third party.
To answer these questions, we need to refer to a relevant source of information, such as legal texts or statutes, that provide guidance on suretyship agreements. Here's how you can find the answers to each question:
5.1: Do all parties to a suretyship agreement need to be aware of its existence?
To determine whether all parties to a suretyship agreement need to be aware of its existence, you can research the laws or regulations governing suretyship agreements in your jurisdiction. Start by looking up the relevant legal code or statute and reading through the sections that discuss suretyship agreements. Pay attention to any provisions or requirements that address the awareness or consent of the parties involved.
5.2: Does the surety agreement require writing?
To determine whether a surety agreement requires writing, you can again refer to the legal code or statute governing suretyship agreements. Look for any specific language or provisions that indicate whether a written agreement is necessary. Additionally, consulting legal professionals or experts in your jurisdiction may provide further clarification.
5.3: Is it allowed to cede a suretyship agreement to a third party?
To find out whether it is allowed to cede a suretyship agreement to a third party, you should consult the applicable laws or regulations on suretyship agreements. Look for any provisions that address the transfer or assignment of suretyship agreements and any requirements or restrictions that may be imposed. Again, seeking the guidance of legal professionals or experts in your jurisdiction can provide more specific information.
Please note that my responses are based on general guidance on legal research and may not provide specific answers to the questions regarding suretyship agreements in your specific jurisdiction.