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.

---

Definitions:

Emotional Intelligence

The ability to identify, assess, and control the emotions of oneself, of others, and of groups.

Competencies

Refers to the skills, knowledge, and abilities that are required for the successful performance of a job or task.

Behavioral Component

Refers to the actions or observable responses of a person associated with an attitude, belief, or knowledge.

Intention

A mental state that represents a commitment to carrying out an action or actions in the future.