Rico Signs a Lease on Behalf of Start-Up Games, Inc

question 34

Multiple Choice

Rico signs a lease on behalf of Start-Up Games, Inc., with Tower Office Suites. As part of the lease, Rico signs a document titled "GUARANTY," which states that it is "an absolute guaranty" of the lease's performance.
-Refer to Fact Pattern 25-3.If Evermore insists that Dayna sign the loan application,making her personally liable for payment only if Chocolate! Chocolate! defaults,Dayna will be

• A)a surety.
• B)a lienor.
• C)a garnishee.
• D)a guarantor.

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Definitions:

Cognitive Psychology

A branch of psychology focused on the study of mental processes such as perception, memory, thought, and problem-solving.

Mental Processes

The internal, covert activities of the mind, such as thinking, feeling, and problem-solving, that are not directly observable.

Behavior

The actions or reactions of an object or organism, usually in relation to the environment or context.

Mental Phenomena

Processes of the mind such as cognition, emotions, and consciousness that are subjective in nature.