Greg approaches a local dealer to buy a new car which costs $10,000.He wishes to seek finance to buy the car.The auto dealer asks for a co-signer as surety to sell the car on credit.Greg approaches his friend Claire to co-sign on the agreement.Claire agrees and becomes a surety for Greg's car.Which of the following is true in this case?
A) Claire is primarily liable for the payment.
B) Claire is secondarily liable for the payment.
C) Claire is liable only if the auto dealer has exhausted all other remedies.
D) Claire is not liable for the payment.
Correct Answer:
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