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Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. benefactor B. guarantor C. cosigner D. mentor
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Asked 10/15/2010 8:44:18 AM
Updated 11/22/2019 7:28:21 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Edited by yumdrea [4/28/2016 12:50:32 AM], Confirmed by yumdrea [4/28/2016 12:50:34 AM], Flagged by Masamune [11/22/2019 7:28:19 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. benefactor B. guarantor C. cosigner D. mentor

Weegy: Cosigner is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.
workaholicmom|Points 1520|

Question
Asked 10/15/2010 8:44:18 AM
Updated 11/22/2019 7:28:21 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Edited by yumdrea [4/28/2016 12:50:32 AM], Confirmed by yumdrea [4/28/2016 12:50:34 AM], Flagged by Masamune [11/22/2019 7:28:19 PM]
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Guarantor is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.
Added 11/22/2019 7:28:21 PM
This answer has been confirmed as correct and helpful.
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