Calvin,a College Student,wants to Purchase an Automobile on Credit from Irontilt

question 30

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 his father agrees to.What role does Calvin's father fulfill here so that Calvin can buy the car?

• A) an accommodation party
• B) an agent
• C) a principal
• D) a qualified indorser

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Definitions:

Conditional Positive Regard

The acceptance and love one receives from significant others that are contingent upon behaving in certain ways.

Rogers

Refers to Carl Rogers, a prominent American psychologist known for his influential psychotherapeutic method, client-centered therapy.

Unconditional Positive Regard

A concept in client-centered therapy proposed by Carl Rogers, emphasizing an attitude of total acceptance and support toward another person regardless of their actions or feelings.

Rogers

Pertains to Carl Rogers, a significant American psychologist and a founding figure of the humanistic psychology movement.