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.

---

Definitions:

Service Delivery Model

A framework that defines how services are offered to customers or internally within organizations, focusing on efficiency and quality of service.

Human Resource Department

The division within an organization that focuses on recruitment, management, and guidance of the employees.

Single Site

A location where a specific business, organization, or function operates independently.

Enterprise Portals

Knowledge communities that allow employees from a single or multiple companies to access and benefit from specialized knowledge associated with tasks.