Krista Babcock cosigned an automobile loan agreement that enabled her friend, Horne, to obtain a $5,000 loan
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Krista Babcock cosigned an automobile loan agreement that enabled her friend, Horne, to obtain a $5,000 loan to acquire an automobile from a third party. Horne defaulted on the loan after making a number of payments, and Babcock paid $2,000 to the lending institution to pay off the remaining balance on the loan. Babcock then brought suit against Horne to recover the $2,000. Is she entitled to recover the $2,000?
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Related Book For
Law for Business
ISBN: 978-1259722325
13th edition
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards
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