Multiple Choice
Fact Pattern 28-1B
Chocolate! Chocolate! Corporation is a new company that needs to borrow money to meet its payroll.Dayna,president and owner of Chocolate! Chocolate!,asks Evermore Credit Union to loan the funds to Chocolate! Chocolate!
-Refer to Fact Pattern 28-1B.If Evermore insists that Dayna sign the loan applica?tion,making her personally liable for payment whether or not Chocolate! Chocolate! defaults,Dayna will be
A) a surety.
B) a lienor.
C) a garnishee.
D) a guarantor.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Personal property that is most often exempt
Q14: Subrogation refers to the right of a
Q15: A surety can assert his or her
Q16: A creditor can garnish almost all types
Q17: A surety is not entitled to receive
Q19: Under federal law,an employer can dismiss an
Q20: Fact Pattern 28-2B <br>Rico signs a lease
Q21: Urbana performs a contract with Virgil to
Q22: Bill and Cody agree to guarantee Wyatt's
Q23: Fact Pattern 28-4B <br>Mary's home is in