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Becky wants to buy a car but cannot obtain a loan from the bank on her own. Lori agrees to be the co-signer on Beckys
Becky wants to buy a car but cannot obtain a loan from the bank on her own. Lori agrees to be the co-signer on Beckys loan, on the condition that Lori would only be liable for the amount of the loan if Becky actually defaults on the loan. In this situation, Lori would best be described as a guarantor. O True False
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
