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:

Cyberdating

The process of engaging in romantic or sexual relationships through the Internet.

Superficial

Concerned with or understanding only what is on the surface, without depth in thinking or feeling.

Heterogamy

The practice of marrying someone from a different social, cultural, or ethnic background.

Interfaith Relationships

Romantic or marriage relationships between individuals of different religious backgrounds.