Examlex

Solved

Jeremy Is 9 Years Old

question 100

Multiple Choice

Jeremy is 9 years old.He is mediocre in terms of his academic and extracurricular performance and suffers from low self-esteem.His parents have been using various strategies to help him increase his self-esteem. Which of the following strategies they have been using is the LEAST likely to be effective?


Definitions:

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, often with interest.

Principal Debtor

A principal debtor is an individual or entity primarily responsible for fulfilling the obligations of a debt or loan.

Surety

A person, such as a cosigner on a note, who agrees to be primarily responsible for the debt of another.

Guarantor

A person who agrees to satisfy the debt of another (the debtor) only after the principal debtor defaults. A guarantor’s liability is thus secondary.

Related Questions