If You Cosign a Loan

question 31

Multiple Choice

If you cosign a loan,

• A)you are not being asked to guarantee the debt.
• B)it is not your legal responsibility to pay the debt.
• C)you'll have to pay up to the full amount of the debt if the borrower does not pay.
• D)the creditor must first try to collect from the borrower.
• E)the creditor cannot garnish your wages.

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Definitions:

Preventive Approach

Strategic actions taken to avoid potential problems or diseases before they occur.

Aging

The process of becoming older, a series of biological changes that occur in all living organisms over time, often leading to a gradual decrease in physical and sometimes mental capacity.

Discrimination

Unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Mental Health Care

The provision of services aimed at promoting psychological well-being and treating mental disorders.