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

question 8

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 only after lan?guage is included that requires Dollar Value to exhaust 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:

Internal Consistency

A measure of the reliability of a psychological test or survey, indicating how well the items on the test measure the same construct or concept.

Alternate Form

A variation of something that exists in a different version or form, often used to maintain interest or provide options.

Inter-rater

The level of agreement or consistency between different raters or observers assessing the same phenomenon.

Internal Consistency Reliability

A measure of how well the items on a test measure the same construct or concept.