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

---

Definitions:

McCarthyism

A period of intense anti-communist suspicion in the United States around the early 1950s, characterized by political repression and accusations of subversion or espionage without proper regard for evidence.

NAACP

The National Association for the Advancement of Colored People, an African-American civil rights organization in the United States founded in 1909 to fight prejudice, lynching, and Jim Crow segregation, and to work for the betterment of "people of color."

Long Telegram

The Long Telegram was a diplomatic message sent in 1946 by George Kennan, an American diplomat in Moscow, to the U.S. Department of State, outlining his views on the Soviet Union and recommending a strategy of containment to combat Soviet expansion during the Cold War.