If You Cosign a Loan, All of the Following Are

question 103

Multiple Choice

If you cosign a loan, all of the following are true except,

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

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Definitions:

Ptosis

A condition characterized by the drooping or falling of the upper eyelid, which may affect one or both eyes.

Macular Degeneration

A chronic eye disease that causes vision loss in the center of your field of vision, typically due to aging.

Hyperthyroidism

A condition where the thyroid gland is overactive, producing excessive amounts of thyroid hormones, leading to a speed-up in the body's metabolism.

Cranial Nerves

Twelve pairs of nerves that arise directly from the brain and exit the skull through openings, facilitating sensory and motor functions.