Multiple Choice
Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from Finest Quality Motors.
-Refer to Fact Pattern 25-1.If Edie signs the application but fails to stipulate that Finest must pursue its legal remedies against Dina before looking to her,then Edie is
A) a guarantor and a surety.
B) a guarantor only.
C) a surety only.
D) neither a guarantor nor a surety.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: A court may not order a bank,as
Q24: A court-ordered seizure and taking into custody
Q26: A debtor's car may be exempt from
Q29: An artisan's lien requires that the lienholder
Q31: The usual method of mortgage foreclosure is
Q33: Each state permits a debtor to retain
Q40: If a debtor will not pay a
Q43: Bret defaults on a loan owed to
Q46: Before the guarantor of a debt can
Q67: Flip's debt to George is past due.