Your brother needs a new car.He comes to you asking for help because He was turned down for a loan from his bank, Wells Fargo.Since you have excellent credit, he comes to you for help.He has always been a great brother and you want to help.But, you also want to limit your liability.You brother asks if you would be willing to be either a surety or a guaranty.Your brother thinks those words are interchangeable.

Would you rather be a surety or a guaranty?Which one would Wells Fargo prefer you to be?If a loan officer from Wells Fargo called and told you that your oral assurances are enough to solidify the loan, would a surety or guaranty have been formed?

If you would, in the real world, dothis for a friend or family member - what would you require of them before you agreed to be a surety or guaranty?Please can i get the answer from Andersons Business law and the legal environment 23rd edition and refer the page number