Multiple Choice
Trevor wants to buy a new refrigerator from the local dealer Ace Electronics for $5,000,on credit.The dealer asks for someone to guarantee the payment before selling it on credit.His sister Cindy agrees to sign the agreement as a guarantor.Which of the following is true in this case?
A) Cindy is primarily responsible for the payment.
B) Cindy is secondarily responsible for the payment.
C) Cindy is responsible even if Trevor doesn't default on the payment.
D) Cindy is not liable for payment.
Correct Answer:
Verified
Correct Answer:
Verified
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