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To Borrow the Money to Buy a Car,Klaus Signs a Note

Question 11

Multiple Choice

To borrow the money to buy a car,Klaus signs a note "payable to the order of Lake City Auto Financing." Minnie cosigns the note to guarantee the repayment of the loan.Minnie's liability on this note is


A) lateral.
B) primary.
C) secondary.
D) tertiary.

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