Fleet Trucking, LLC, Buys a White Van from Go Motors

question 44

Multiple Choice

Fleet Trucking, LLC, buys a white van from Go Motors, Inc. , on credit under a guaranty signed by Herbie, Fleet's president, making him personally liable if the company does not pay. Herbie is​

• A) ​a surety.
• B) ​a lienor.
• C) ​a guarantor.
• D) ​a creditor.

---

Definitions:

Lyndon Johnson

The 36th President of the United States, serving from 1963 to 1969, known for his domestic policies, including the “Great Society” legislation.

Poor Urban Neighborhoods

Areas within cities characterized by lower socioeconomic status, often facing issues like overcrowding, inadequate housing, and limited access to services.

March On Washington

Civil rights demonstration on August 28, 1963, where the Reverend Martin Luther King Jr. gave his “I Have a Dream” speech on the steps of the Lincoln Memorial.

Economic Equality

A principle aiming for equal opportunity and fairness in the economic sphere, ensuring that wealth and resources are distributed more evenly across society.