In the financing of special purpose buildings, if a manufacturer agrees to accept contingent responsibility for repayment of a loan made to a dealership, one way this can be accomplished is for the manufacturer to:

Question

Quizplus · Accepted Answer

If a manufacturer agrees to accept contingent responsibility for repayment of a loan made to a dealership, one way this can be accomplished is for the manufacturer to endorse the note. This means that the manufacturer is legally obligated to pay the loan if the dealership defaults on their payments. Options B and C are not necessarily the only ways for a manufacturer to accept contingent responsibility and are not always feasible solutions.

In the Financing of Special Purpose Buildings, If a Manufacturer