Fact Pattern 28-1A (Questions A12-A15 Apply)

question 14

Multiple Choice

Fact Pattern 28-1A (Questions A12-A15 apply)
Dollar Value Motors asks Estimable Bank for a loan to increase its vehicle inventory.Estimable requires Flair,Dollar Value's president,sign a personal guaranty to pay the debt if Dollar Value defaults.Meanwhile,to buy a pick-up truck from Dollar Value,Gina asks Harper to co-sign a credit application.
-Refer to Fact Pattern 28-1A.If Harper signs the application but fails to con?di?tion her signature on Dollar Value's agreement to pursue its legal remedies against Gina before looking to her,then Harper is

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

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Definitions:

Loudness

A subjective measure of the sound pressure level, perceived as the intensity or volume of a sound.

Sound Wave

A type of wave that is an audible vibration that travels through air or other media.

Pitch

A tone's perceived frequency.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.