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 only if Chocolate! Chocolate! de?faults,Dayna will be
A) a surety.
B) a lienor.
C) a garnishee.
D) a guarantor.
Correct Answer:
Verified
Correct Answer:
Verified
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