Trevor Wants to Buy a New Refrigerator from the Local

question 96

Multiple Choice

Trevor wants to buy a new refrigerator from the local dealer Ace Electronics for $5,000,on credit.The dealer asks for someone to guarantee the payment before selling it on credit.His sister Cindy agrees to sign the agreement as a guarantor.Which of the following is true in this case?

• A) Cindy is primarily responsible for the payment.
• B) Cindy is secondarily responsible for the payment.
• C) Cindy is responsible even if Trevor doesn't default on the payment.
• D) Cindy is not liable for payment.