Fact Pattern 28-1B

question 18

Multiple Choice

Fact Pattern 28-1B
Beta Software Corporation is a new company that needs to borrow money to meet its payroll. Cliff, president and owner of Beta, asks First National Bank to loan Beta the funds.
-Refer to Fact Pattern 28-1B. If First National insists that Cliff sign the loan applica?tion, making himself personally liable for payment only if Beta de?faults, Cliff will be

• A) a guarantor and a surety.
• B) a guarantor only.
• C) a surety only.
• D) neither a guarantor nor a surety.

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Definitions:

Behavioral Activation Therapy

A therapeutic approach that aims to treat depression by engaging the patient in positive activities to improve mood and decrease depressive symptoms.

Existential Therapy

A form of psychotherapy that focuses on individual responsibility and finding the meaning of life and personal existence.

Psychoanalytic Therapy

Psychoanalytic Therapy is a form of in-depth talk therapy that aims to uncover and resolve unconscious conflicts and psychological problems rooted in childhood experiences.

Interpersonal Psychotherapy

A form of psychotherapy that focuses on the interpersonal relationships of the patient, aiming to improve communication patterns and self-esteem.