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National Bank Is Reluctant to Lend Money to James and Takes

Question 27

Multiple Choice

National bank is reluctant to lend money to James and takes a note from him because of his shaky financial condition.However,the bank is willing to lend money to James if he signs the note and a friend also signs the note.Here the friend serves as the:


A) deponent.
B) accommodation party.
C) fiduciary.
D) non-joinder.

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