Tina Cosigns a Promissory Note at Globe Bank for $500

question 16

Multiple Choice

Tina cosigns a promissory note at Globe Bank for $500.00 for her friend Tom. Tom defaults on the loan, and Globe Bank collects $500.00 from Tina. Tina then collects $500.00 from Tom. Tina could collect money from Tom because of her right of _____.

• A) subrogation
• B) reimbursement
• C) contribution
• D) attachment

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Definitions:

Dispositional Traits

Enduring personality characteristics that tend to be consistent across different situations and over time.

Surface Traits

Observable qualities or characteristics of an individual's personality that are apparent in their behaviors and actions.

McCrae and Costa

Psychologists Robert R. McCrae and Paul T. Costa, known for developing the Five Factor Model of personality traits.

Unified Purpose

A shared, collective goal or mission that aligns the efforts and motivations of a group or organization.