Son applied for a car loan from First Bank. First Bank would not approve the loan unless Dad agreed that he would pay the loan if First Bank's efforts to collect from Son were unsuccessful. The kind of liability Dad assumed in his contract with First Bank is
a. Primary
b. Secondary
c. Prescriptive
d. Constructive
Ans: b. Secondary
Business
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Upon being issued and original salesperson's license, each salesperson shall be required to furnish to the Commission, within one year of the issuance of a license, evidence of satisfactory completion of a course of study approved by the Commission. Which of the following courses would meet this requirement?
A. A 6-hour course. B. A 12-hour course. C. A 24-hour course. D. A 30-hour course.
Business
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What will be an ideal response?
Business