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Jenae, a principal in Maryville Corporation, makes a personal guaranty of a $100, 000 loan for Maryville Corporation. Maryville Corporation defaults on the loan with

Jenae, a principal in Maryville Corporation, makes a personal guaranty of a $100, 000 loan for Maryville Corporation. Maryville Corporation defaults on the loan with a balance of $85,000. The total assets of Maryville Corporation are $50,000. Which statement below is correct? Multiple Choice Jenae will be personally responsible for the balance of $85,000. Jenae will be personally responsible for $35,000. Jenae and Maryville Corporation will split the loan responsibility in half, leaving each entity owing $42, 500. Jenae will be personally responsible for the entire loan of $100,000

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