All of the Following Are True Regarding a Cosigner on an Account

question 43

Multiple Choice

All of the following are true regarding a cosigner on an account, except

• A) the cosigner is responsible for any unpaid balance.
• B) the lender may not seize the assets of the cosigner.
• C) cosigning an account is a big liability and should be taken seriously.
• D) cosigning on a loan can restrict the amount that the cosigner is able to borrow.

---

Definitions:

Contact Information

Details that allow for communication with a person or organization, such as phone number, email address, or physical address.

Subject Line

The title or heading of an email, designed to summarize the message's content and grab the recipient's attention.

Email

Electronic mail, a method of exchanging digital messages across the internet or other computer networks.

Signature Block

A block of text automatically appended at the end of an email message, often containing the sender's name, contact information, and other relevant details.