Calvin, a College Student, Wants to Purchase an Automobile on Credit

question 38

Multiple Choice

Calvin, a college student, wants to purchase an automobile on credit from IronTilt Motors.He does not have sufficient income or the credit history to justify the extension of credit to him alone.Calvin asks his father to cosign a note to IronTilt Motors, which he does.
-What kind of liability does Calvin's father come under?

• A)secondary liability
• B)primary liability
• C)fringe liability
• D)warranty liability

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Definitions:

Mortality Rate

The measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Religious Variables

Factors related to religious beliefs, practices, affiliation, and spirituality that can influence various aspects of life and behavior.

Worship Services

Religious gatherings designed for participants to express reverence and adoration toward a divine power or deity through rituals, prayers, and songs.

Religious Orthodoxy

Adherence to accepted norms and beliefs in a religion, often emphasizing traditional doctrine and practices.