Consumer Credit, Inc (CCI), lends $1,000 to Joe. Kay acts as Joe's surety. If Kay pays the loan, she gets
A) any right that CCI had against Joe, but not a right to be repaid by Joe
B) a right to be repaid by Joe, but not any right that CCI had against Joe.
C) any right that CCI had against Joe and a right to be repaid by Joe.
D) none of the choices.
C
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James, a sales executive at an apparel store, encounters a German customer who does not speak English. The customer tries to communicate his needs to James. After interpreting the customer's needs, James is still seeking clarity to help understand the customer better. James should next try to ________.
A. use humor and sarcasm B. pretend to address the customer's needs C. paraphrase the customer's message D. adopt a flippant approach
Contingencies Define what a contingency is, describe the auditor's main concerns about them, and indicate how contingencies should be dealt with by management and the auditor. Besides litigation, claims and assessments, what are some other types of contingencies?
Assume that a firm's book value at the beginning of the year is $17,800 and that the firm reports net income of $6,200 . If the firm's book value at the end of the year is $20,000 what was the amount of dividends paid during the year?
a. $4,000 b. $8,800 c. $2,200 d. Insufficient information to determine
What are three advantages associated with using the formula sales presentation method?
What will be an ideal response?