Joyce's son, Al, borrowed money from Verity Finance. He lost his job last month and has not made the latest payment on the debt. When Verity's collections department telephones, Joyce answers the phone. She agrees to make the payments if Al does not because she is worried about his state of mind due to his job loss. Verity must first try to get the money from Al before approaching Joyce.

Question

Quizplus · Accepted Answer

Verity Finance must first attempt to collect the debt from the primary borrower, Al, before seeking payment from Joyce, who is not the original debtor but has offered to pay if Al cannot.

Joyce's Son, Al, Borrowed Money from Verity Finance