Dina Asks Edie to Co-Sign a Credit Application So That

question 5

Multiple Choice

Dina asks Edie to co-sign a credit application so that she can borrow money and buy a piano from First Chair, a musical instruments and supplies seller. If, after the loan agreement is signed, Dina agrees to a higher rate of interest without telling Edie, then Edie is

• A) discharged from the agreement.
• B) liable at the higher rate of interest.
• C) liable at the lower rate of interest.
• D) liable for the principal only.

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Definitions:

Religions

Organized systems of beliefs, rituals, and practices centered around spiritual, divine, or moral principles.

Testicular Self-exam

A self-conducted examination of the testicles to check for lumps, swelling or other changes that may indicate disease, such as testicular cancer.

Epididymis

A coiled tube located at the back of the testicle that stores and carries sperm.

Clarification

The process of making a statement or situation less confused and more comprehensible.