Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. mentor B. cosigner C. guarantor D. benefactor

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Asked 8/27/2010 9:02:31 AM

Updated 12/16/2015 4:07:44 PM

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Flagged by emdjay23 [12/16/2015 4:07:44 PM]

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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. mentor B. cosigner C. guarantor D. benefactor

Weegy: The person that agrees to take responsibility for repayment of a loan if the primary borrower defaults is known as the co-signer. So the answer is D. the cosigner.
MissEb|Points 95|

Question

Asked 8/27/2010 9:02:31 AM

Updated 12/16/2015 4:07:44 PM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by emdjay23 [12/16/2015 4:07:44 PM]

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emdjay23

A Guarantor is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.

Added 12/16/2015 4:07:43 PM

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