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:

Outside Order Taker

A sales role focused on receiving and processing orders from customers, typically not responsible for proactive selling or customer acquisition.

Inventory Clerk

A professional responsible for managing and maintaining a company's inventory, including receiving, recording, and distributing materials or products.

Taking Inventory

The process of counting and recording the quantity and condition of items or assets currently held by an organization or individual.

Inside Order Takers

Sales personnel who manage orders and assist customers from within the company, typically in an office setting, rather than in the field.