Jane Is Interested in Purchasing a Condominium Property from Full

question 70

Multiple Choice

Jane is interested in purchasing a condominium property from Full House Real-Estate Group.She recently graduated college, so she does not have much of a credit record.Knowing this, she goes to Version Bank with her wealthy cousin, Ted, who previously agreed to assist her in buying a house.Which statement is most likely to be TRUE?

• A)Ted can indemnify the bank loan as an unconditional promise to pay only when Jane defaults on her payments.
• B)Ted can guarantee the bank loan as an unconditional promise to pay only when Jane defaults on her payments.
• C)Ted can guarantee the bank loan as a conditional promise to pay only when Jane defaults on her payments.
• D)Ted can indemnify the bank loan as a conditional promise to pay only when Jane's obligations become due.
• E)Ted can indemnify the bank loan, but the indemnification is only enforceable if the indemnity is signed under a notary public seal according to the Indemnification Acknowledgments Act.

---

Definitions:

European Trade

The exchange of goods, services, and capital among countries in Europe, historically significant for its role in global trade patterns, exploration, and the establishment of colonial empires.

European Voyages

Exploratory and trade expeditions by European countries from the late 15th century onward, leading to the discovery of new lands and sea routes.

Pre-Columbian Americas

Describes the time period and cultures of the Americas before the arrival of Christopher Columbus in 1492.

Warfare

The engagement in or activities associated with armed conflict between states, groups, or parties, encompassing both conventional battles and guerrilla tactics.