Chris Wanted to Get a Loan from the Bank, but He

question 45

Multiple Choice

Chris wanted to get a loan from the bank, but he had bad credit. In order to get the money, he convinced Eric to cosign as a surety. Now Chris has stopped making the payments. When is Eric liable for repayment of the loan?

• A) at any point
• B) when Chris stopped making payments
• C) only after the bank attempts to recover the full amount from Chris
• D) never, because Eric was not the one actually using the money

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Definitions:

Opposite Extremes

Situations, concepts, or phenomena that are completely contrary to each other, exhibiting no common ground.

Organic Disorder

A term for physical or physiological disorders caused by structural changes in the body.

Manic-depressive Disorder

An old term for bipolar disorder, a mental health condition characterized by extreme mood swings.

Chemical Imbalance

A hypothetical concept suggesting that mental health conditions arise from an imbalance of chemicals in the brain.