National bank is reluctant to lend money to James because of his shaky financial condition.However,the bank is willing to lend money to James if he signs the note and a friend also signs the note.Here,the friend serves as the:
A) deponent.
B) accommodation party.
C) fiduciary.
D) non-joinder.
Correct Answer:
Verified
Q31: Which of the following is true regarding
Q32: If Jay signs Mila's name to a
Q33: Mike signs a note payable to a
Q34: A representative is personally liable to a
Q35: Maya Efrat,Chief Financial Officer for BAZ Inc.
Q37: What form of liability exists when a
Q38: Menzes is the Treasurer of ABC Corp.As
Q39: Salmond signs a note for the purpose
Q40: If a person signs a check as
Q41: Which of the following is both a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents