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 the credit he gets from a bank. On the loan, Billy is:
A) the principal
B) the grantor
C) the sorrier
D) the surety
E) the guarantor
Correct Answer:
Verified
Q347: A guarantor is generally the same as:
A)
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)
Q353: 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.
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