Examlex

Solved

[Rough Start] Allison,who Just Graduated from College,wanted to Buy a New

question 28

Multiple Choice

[Rough Start] Allison,who just graduated from college,wanted to buy a new car.However,she did not have much of a credit history,and the bank would not give her a loan unless she had a cosigner who agreed to be liable on the loan along with Allison.Allison's father cosigned with Allison on her loan at the bank.Allison also wanted to start a real estate business.She needed funds with which to do so.Her boyfriend,Sean,promised the bank,in writing that he would pay Allison's start-up loan for the real estate business if Allison did not do so.Unfortunately,Allison did not make any money in the real estate business.She went bankrupt along with Sean,who had been acting as her receptionist.
-The agreement entered into between Allison's father and the bank is called what?


Definitions:

Controversial Adolescent

Refers to a young person during puberty who is known for being involved in or causing disagreements or discussions characterized by differing opinions and views.

Proximity

is the state of being close or near in space, time, or relationship, which can influence social interactions and personal relationships.

Friendships

Relationships based on mutual affection, respect, and trust, typically offering companionship and support between individuals.

Evolutionary Pressure

Forces or factors that influence the chances of survival and reproductive success of organisms, leading to natural selection and evolution.

Related Questions