Ingot Corp. lent Flange $50,000. At Ingot's request, Flange entered into an agreement with Quill and West for them to act as compensated co-sureties on the loan in the amount of $100,000 each. Ingot released West without Quill's or Flange's consent, and Flange later defaulted on the loan. Which of the following statements is correct?
A. Quill will be liable for 50% of the loan balance.
B. Quill will be liable for the entire loan balance.
C. Ingot's release of West will have no effect on Flange's and Quill's liability to Ingot.
D. Flange will be released for 50% of the loan balance.
A. Quill will be liable for 50% of the loan balance.
Business
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The stage of new product or service development that links the creation of new services or products to the corporate strategy of the firm is called:
A) design. B) analysis. C) development. D) full launch.
Business
Discuss the importance of the sales forecast and items that influence its accuracy
What will be an ideal response?
Business