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

question 12

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 Flair is a guarantor,then the guaranty is re?quired to be in writing because of

• A)the debtor's right of redemption.
• B)the co-signer's right of contribution.
• C)the creditor's transfer of possession.
• D)the Statute of Frauds.

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Definitions:

Antiseptic

A substance that prevents the growth of disease-causing microorganisms on living tissue, such as skin or mucous membranes.

Disinfectant

A cleaning product applied to instruments and equipment to reduce or eliminate infectious organisms; not used on human tissue.

Blood Products

Components derived from blood, such as plasma, red cells, and platelets, used in transfusions and medical treatments.

Sanitize Instruments

The process of cleaning and sterilizing tools and equipment to eliminate or reduce pathogens to a safe level, often a critical practice in medical and food preparation settings.