Multiple Choice
Rhodes, a college student, wants to purchase a motorcycle on credit from Landier Motors. He does not have sufficient income or the credit history to justify the extension of credit to him alone. Rhodes asks his father to cosign a note to Landier Motors, which he does. What kind of liability does Rhodes's father come under?
A) secondary liability
B) primary liability
C) fringe liability
D) warranty liability
Correct Answer:

Verified
Correct Answer:
Verified
Q24: The _ states that a drawer or
Q25: A person cannot be held contractually liable
Q26: A _ defense is a type of
Q27: A contract made by a person who
Q28: A person who has been authorized to
Q30: What is material alteration as a universal
Q31: Joan signs a promissory note to pay
Q32: Fraud in the inception is a type
Q33: Fraud in the inducement is a personal
Q34: Marks used in lieu of a written