Dina Asks Edie to Co-Sign a Credit Application So That

question 28

Multiple Choice

Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from Finest Quality Motors.
-Refer to Fact Pattern 25-1.If Edie signs the application but fails to stipulate that Finest must pursue its legal remedies against Dina before looking to her,then Edie is

• A)a guarantor and a surety.
• B)a guarantor only.
• C)a surety only.
• D)neither a guarantor nor a surety.

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Definitions:

Northern English Towns

Urban areas located in the northern regions of England, often characterized by their industrial heritage and cultural significance.

Fourth Wave

Often refers to the latest phase or generation in a series of developments or movements, commonly used in context with feminism or technology.

Social Justice

A concept based on the idea of creating a society or institution that is based on the principles of equality and solidarity, understands and values human rights, and recognizes the dignity of every human being.

Third Wave

A term popularized by Alvin Toffler, referring to the post-industrial society stage characterized by the production and dissemination of information technology and services.