British Petroleum, British Airways, and Rolls-Royce were some of the companies that were privatized under so-called Thatcherite economics

Indicate whether the statement is true or false

TRUE

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Toyota, the market-leading japanese carmaker continued to enjoy strong positive ratings despite a string of much publicized recalls.

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Mark Perez signs a standard form guarantee for a $60,000 loan his brother Fred gets from a bank. Fred later incurs a credit card debt to the Bank for a further $4,500

Fred also later guarantees a loan of $5,000 from the bank to his wife, who goes bankrupt. Fred pays back $30,000 on his loan and then goes bankrupt. For what principal amount is Mark liable as a result of the guarantee? A) $30,000 B) $34,500 C) $35,000 D) $39,500 E) $48,000

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