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

question 41

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 is a guarantor,then the guaranty is required to be in writing because of

• A)the debtor's right of redemption.
• B)the co-signer's right of contribution.
• C)the creditor's transfer of possession.
• D)the Statute of Frauds.

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Definitions:

Average Value

A statistical measure that describes the central tendency or typical value of a set of numbers, often calculated as the sum of the values divided by the number of values.

Trait

A specific characteristic of an organism, which can be physical like height or color, or behavioral, often influenced by both genetics and environment.

Genetic Drift

A random process that causes allele frequencies in a population to change over generations without influence from natural selection.

Natural Selection

A fundamental mechanism of evolution where organisms with traits better suited to their environment are more likely to survive and reproduce, passing those traits to the next generation.