Multiple Choice
Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from First Street Motors.If,after the loan agreement is signed,Dina agrees to a higher rate of interest without telling Edie,then Edie is
A) discharged from the agreement.
B) liable at the higher rate of interest.
C) liable at the lower rate of interest.
D) liable for the principal only.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Child-support debts will be suspended by a
Q2: A material change in a loan contract
Q4: Muffins-2-Go buys a truck from Street Vehicles,Inc.,under
Q5: Friendly Credit Corporation (FCC) believes that Gary
Q6: The filing of a petition for bankruptcy
Q7: In order of priority,the claims of all
Q8: Wilson wants to file an ordinary,or straight,bankruptcy.Wilson
Q13: Foreclosure is the legal process by which
Q21: Some student loans are dischargeable in aChapter
Q45: In most states, state law determines the