If You Cosign a Loan

question 111

Multiple Choice

If you cosign a loan:

• A)you are only responsible for half of the debt obligation.
• B)you will be asked, but not required, to pay the loan in full if the borrower fails to pay.
• C)you will be required to pay the loan in full if the borrower defaults on the payments.
• D)the creditor must first try to collect from the borrower.
• E)the creditor is prohibited from garnishing your wages if you refuse to pay the loan in full.

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Definitions:

Care Plan

A customized, comprehensive plan outlining a patient's healthcare goals, the strategies to achieve them, and the roles of various healthcare providers.

Expected Outcome

A predicted result or effect that is aimed for after a treatment, procedure, or program.

Heart Rate

The number of heartbeats per minute, a vital sign used to monitor overall cardiovascular health and exertion levels.

Evaluation Phase

The stage in the nursing process or any project where outcomes are compared against objectives to determine the success of interventions.