Fact Pattern 28-1A
Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from Finest Quality Motors.
-Refer to Fact Pattern 28-1A. If Edie signs the application but fails to con?di?tion her signature on Finest's agreement to pursue its legal remedies against Dina before looking to her, then Edie is
A) a guarantor and a surety.
B) a guarantor only.
C) a surety only.
D) neither a guarantor nor a surety.

Question

Fact Pattern 28-1A 
Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from Finest Quality Motors.
-Refer to Fact Pattern 28-1A. If Edie signs the application but fails to con?di?tion her signature on Finest's agreement to pursue its legal remedies against Dina before looking to her, then Edie is
A) a guarantor and a surety.
B) a guarantor only.
C) a surety only.
D) neither a guarantor nor a surety.

Quizplus · Accepted Answer

Edie is a surety because she did not condition her obligation on Finest pursuing Dina first, meaning she is directly liable for the debt if Dina defaults.