Nina wants to borrow money from Tina, but Tina refuses to lend the money unless another person promises to pay the money in case Nina cannot clear the debt. James agrees to pay the debt if Nina does not. James is the ________ in this transaction.
A) creditor
B) debtor
C) guarantor
D) facilitator

Question

Quizplus · Accepted Answer

James is the guarantor, as he is agreeing to pay the debt in case Nina cannot.

Nina Wants to Borrow Money from Tina, but Tina Refuses