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Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. cosigner B. guarantor C. mentor D. benefactor
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Asked 11/27/2010 10:55:41 PM
Updated 1/7/2016 8:19:23 AM
1 Answer/Comment
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Flagged by alfred123 [1/7/2016 8:19:23 AM]
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User: Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. cosigner B. guarantor C. mentor D. benefactor

Weegy: c. cosigner
workaholicmom|Points 2505|

Question
Asked 11/27/2010 10:55:41 PM
Updated 1/7/2016 8:19:23 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by alfred123 [1/7/2016 8:19:23 AM]
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A GUARANTOR is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.
Added 1/7/2016 8:19:22 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [1/7/2016 9:21:26 AM]
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Directions: Identify the following factor descriptions to their corresponding C of credit. The five C’s are listed below: • Capacity • Capital • Collateral • Character • Conditions Which of these C's go with answer 1?
Weegy: "Conditions" is the C that goes with Answer 1.) Under these CONDITIONS, you may still be approved with a cosigner. (More)
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