Rashi Is a Student at State University

question 70

Essay

Rashi is a student at State University. In need of funds to pay for tuition and books, Rashi asks Tiempo Loans, Inc., for a short-term loan. The lender agrees to make a loan if Rashi will have someone who is financially responsible guarantee the loan payments. Umberto, a well-known businessperson and a friend of Rashi's family, calls Tiempo and agrees to pay the loan if Rashi cannot. Because of Umberto's reputation, the loan is made. Rashi is making the payments, but because of illness he is unable to work for one month. He asks Tiempo to extend the loan for three months. The lender agrees, raising the interest rate for the extended period. Umberto is not notified of the extension (and thus does not consent to it). One month later, Rashi drops out of school. All attempts to collect the remainder of the loan from Rashi fail. Can Tiempo assert a claim against Umberto on the debt?

---

Definitions:

Remove Risk Items

The process of eliminating objects or substances that could cause harm or pose a danger, particularly in a healthcare or therapeutic setting.

Sentinel Event

An unexpected occurrence involving death or serious physical or psychological injury, or the risk thereof, which necessitates immediate investigation and response.

Suicidal Tendencies

Patterns of thoughts or behaviors that indicate a higher risk of attempting suicide, often seen in individuals with a history of suicidal thoughts or attempts.

Shame

A painful feeling arising from the consciousness of something dishonorable, improper, or ridiculous done by oneself or another.