In order to help his daughter Pamela secure a loan for her new business, Rich promised the bank that he would also be liable for the payment of Pamela's loan. Which of these is NOT a term that describes Rich's role in this transaction?

A. surety
B. accommodation party
C. co-signer
D. security


Answer: D

Business

You might also like to view...

______ is a secondary outcome of positively reducing anxiety and uncertainty, whereby the cultural out-group member feels emotionally secure, socially appropriate, and communicatively competent.

A. Intercultural emotion B. Intercultural adjustment C. Interpersonal communication D. Impersonal communication

Business

If one company owns more than 50% of the common stock of another company a

A) a partnership exists. B) parent-subsidiary relationship exists. C) the company whose stock is owned must be liquidated D) the cost method should be used to account for the investment.

Business

My instructor told us to read chapter sixteen: "the rise of the royal state."

What will be an ideal response?

Business

The consequences of underspending a marketing budget are negligible when compared to those

of exceeding the upper control limit. Indicate whether the statement is true or false

Business