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

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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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Masamune

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

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