Examlex

Solved

Which of These Statements Regarding Neonatal or Perinatal Bereavement Is

question 25

Multiple Choice

Which of these statements regarding neonatal or perinatal bereavement is True?


Definitions:

Principal Debtor

A principal debtor is an individual or entity primarily responsible for fulfilling the obligations of a debt or loan.

Surety

A person, such as a cosigner on a note, who agrees to be primarily responsible for the debt of another.

Guarantor

A person who agrees to satisfy the debt of another (the debtor) only after the principal debtor defaults. A guarantor’s liability is thus secondary.

Short Sale

A sale of real property for an amount that is less than the balance owed on the mortgage loan, usually due to financial hardship.

Related Questions