Billy wants to borrow $10,000 to start a male belly dancing business. Creditors are not anxious to lend him the funds. Billy convinces Gary to back-up his credit. Gary is:
A) the principal
B) the grantor
C) the testator
D) the surety
E) the detainor
Correct Answer:
Verified
Q348: The agreement providing security in real property
Q349: The agreement providing security in real property
Q350: Hill owned a roofing business that had
Q351: A guarantor is generally the same as:
A)
Q352: Billy wants to borrow $10,000 to start
Q354: In General Electric Business Financial Services v.
Q355: In a suretyship:
A) a bank immediately accepts
Q356: The primary distinction in secured credit transaction
Q357: In General Electric Business Financial Services v.
Q358: In a contract for suretyship the third
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