All of the Following Are True Regarding a Cosigner on an Account

question 29

Multiple Choice

All of the following are true regarding a cosigner on an account except

• A)the cosigner is responsible for any unpaid balance.
• B)the lender may not seize the assets of a cosigner.
• C)cosigning an account is a big liability and should be taken seriously.
• D)cosigning on a loan can restrict the amount that the cosigner is able to borrow.

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