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:

Square Root

A mathematical operation that gives the number which, when multiplied by itself, yields the original number.

Cube Root

The number that, when multiplied by itself three times, gives the original number.

Radical Expression

A term that features a symbol representing a square root, cube root, or any root of higher degree.

Negative Exponent

A power notation indicating division by the base raised to the absolute value of the exponent.