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

question 19

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,after the loan agreement is signed,Gina agrees to a higher rate of interest without telling Harper,then Harper is

• A)discharged from the agreement.
• B)liable at the higher rate of interest.
• C)liable at the lower rate of interest.
• D)liable for the principal only.

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Definitions:

Instill Fear

The process of causing someone to feel afraid or apprehensive, often used as a method of control or influence.

Abusive

Involves behavior that is aggressively harmful or injurious towards others, often resulting in physical, emotional, or psychological damage.

Child Maltreatment

Refers to any act by a caregiver that results in harm or a risk of harm to a child, including physical, emotional, or sexual abuse, as well as neglect.

Delinquent Parenting

A style of parenting characterized by a lack of discipline and neglect, which can lead to behavioral issues in children.