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Calvin, a College Student, Wants to Purchase an Automobile on Credit

Question 50

Multiple Choice

Calvin, a college student, wants to purchase an automobile on credit from IronTilt Motors.He does not have sufficient income or the credit history to justify the extension of credit to him alone.Calvin asks his father to cosign a note to IronTilt Motors, which he does.
-What role does Calvin's father fulfill here so that Calvin can buy the car?


A) an accommodation party
B) an agent
C) a principal
D) a qualified indorser

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