Helen goes to the bank to obtain an auto loan.Her father accompanies her to the bank.The loan officer states that the bank does not feel comfortable granting the loan unless her father will also guarantee that the money will be repaid.Her father states,"I'll make sure that she makes her payments,but I'm not signing anything!" The bank makes the loan.Is the father liable?
A) Yes. He specifically agreed to repay the loan.
B) No; the loan was for the benefit of his daughter and he received no tangible benefit.
C) No; not if he did not sign for the loan.
D) No,unless he used the vehicle for his own purposes.
Correct Answer:
Verified
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