Fact Pattern 33-1 (Questions 14-15 Apply)

question 62

Multiple Choice

Fact Pattern 33-1 (Questions 14-15 apply)
Alpha Corporation needs to borrow money to meet its payroll.Blair,Alpha's owner,asks City Bank to loan Alpha the funds.
-Refer to Fact Pattern 33-1. If City Bank insists that Blair sign the loan ap?plica?tion to assume liability for payment whether or not Alpha defaults,Blair will be

• A)not truly liable because she signed only at City Bank's insistence.
• B)primarily liable.
• C)secondarily liable.
• D)tertiarily liable.

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Definitions:

Training Benefits

Advantages gained from training, such as improved performance, higher productivity, and reduced errors.

Human Resource

The department within an organization responsible for hiring, managing, and developing employees.

Utility

The total satisfaction received from consuming a good or service, often considered in economic and decision-making contexts.

SDy

A statistical measure in utility theory that estimates the difference in performance between an average and top performer in dollar terms, often used in human resources analytics.