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Question
Sarah, age 17, buys a car on credit from Lora. Sarah signs a promissory note, agreeing to pay $1000 a month on the note until the note is paid in full. Lora has Sarah's father cosign the note. Under these circumstances, Sarah's father is:
A. a surety.
B. secondarily liable on this contract.
C. a guarantor of payment on this contract.
D. not liable on this contract because Sarah is a minor.
Answer
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