In a ________ arrangement, a third party promises to be primarily liable with the borrower for the payment of the borrower's debt.

A. subrogation
B. floating lien
C. guaranty
D. surety


Answer: D

Business

You might also like to view...

One way to indicate a major shift in the flow of the report is to incorporate

A) larger headings. B) page breaks. C) graphics. D) underlined text. E) italics.

Business

If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays April 2, then the amount paid to the seller would be

a. $3,136 b. $3,150 c. $3,168 d. $3,200

Business

Tawny’s company has the unconscious values of focusing on profits and diligence and the employees act out these values. These values are ______.

A. espoused B. enacted C. encouraged D. unethical

Business

The cable fees paid by subscribers represent about two-thirds of cable TV revenues; advertising makes up the remainder.

Answer the following statement(s) true (T) or false (F)

Business