An Arrangement in Which a Third Party Promises to Be

question 44

Multiple Choice

An arrangement in which a third party promises to be primarily liable with the borrower for the payment of the borrower's debt is referred to as ________.

• A) foreclosure arrangement
• B) disposition arrangement
• C) surety arrangement
• D) guaranty arrangement

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Definitions:

Management Information Systems

Systems designed to manage information within an organization, facilitating decision-making, coordination, control, analysis, and visualization of information in an organization.

Distributes Data

The act of sharing or spreading information across various users, systems, or locations.

Analyzes

The process of examining data, statements, or documents to extract insights, make predictions, or support decision-making.

Information Technology

The use of computers, networking, and software to store, process, and transmit data, as well as to solve problems and create value in various contexts.