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.

---

Definitions:

Syllables

Units of organization for a sequence of speech sounds typically comprising a vowel sound alone or with consonant(s).

Language Used

Refers to the specific selection and arrangement of words and symbols employed in communication, varying widely across different contexts and cultures.

Sensorimotor Intelligence

The first stage in Piaget's theory of cognitive development (birth to about age 2), where infants gain understanding of the world through their physical actions and sensory experiences.

Anticipate

To expect or predict something based on current knowledge or intuition, often involving preparation or proactive behavior.