Dina Asks Edie to Co-Sign a Credit Application So That

question 6

Multiple Choice

Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from First Street Motors.If,after the loan agreement is signed,Dina agrees to a higher rate of interest without telling Edie,then Edie is

• A)discharged from the agreement.
• B)liable at the higher rate of interest.
• C)liable at the lower rate of interest.
• D)liable for the principal only.

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Definitions:

Organization's Responsibility

The obligations and duties an organization has towards its stakeholders, including ethical behavior, compliance with laws, and social contributions.

Strictness Error

A bias in performance appraisal where the evaluator tends to judge all employees more harshly than their performance warrants.

High Ratings

Refers to evaluations or assessments that are significantly above average, often indicating superior performance or quality.

Job Design

Job design is the process of specifying job tasks and work arrangements.