Question

National bank is reluctant to lend money to James and takes a note from him because of his shaky financial condition. However, the bank is willing to lend money to James if he signs the note and a friend also signs the note. Here the friend serves as the:

A. deponent.

B. accommodation party.

C. fiduciary.

D. non-joinder.

Answer

This answer is hidden. It contains 177 characters.