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 guarantor
B) the grantor
C) the sorrier
D) the surety
E) none of the other choices
Correct Answer:
Verified
Q339: In a(n) _, goods and services are
Q340: In a(n) _, the debtor makes a
Q341: A suretyship for a small business is
Q342: A suretyship is most often required for:
A)
Q343: What defense(s) is (are) available to sureties?
A)
Q345: Billy wants to borrow $10,000 to start
Q346: In a contract for suretyship, the borrower
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
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