Final answer:
The statement is false as there are various types of guaranty agreements beyond just general and special, including continuing, limited, or absolute, tailored to the scope of the guarantee.
Step-by-step explanation:
The statement is false. There are more than two types of guaranty agreements. A guaranty agreement is a legal document where a party (the guarantor) agrees to pay or perform a second party's debt or duty in the event that the second party fails to do so. They can be general or special, but other types include continuing, limited, or absolute, among others, depending on the scope and content of the guarantee. Special guaranty agreements are tailored to specific transactions, while general guaranty agreements may cover a broad range of obligations.