Calvin, a college student, wants to purchase an automobile on credit from irontilt motors. he does not have sufficient income or the credit history to justify the extension of credit to him alone. calvin asks his father to cosign a note to irontilt motors, which his father agrees to. what role does calvin's father fulfill here so that calvin can buy the car?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Calvin, a college student, wants to purchase an automobile on credit from irontilt motors. he does not have sufficient income or the credit ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When goods are held by a bailee, risk of loss passes to the buyer when any one of the following occurs: a) The buyer receives a document of title for the goods; b) The bailee the buyer's right to the goods;
Answers (1)
What would happen to the buying power of your investment after one year if your rate of return was 5% and the rate of inflation was 3%? A. The buying power would increase by 5% B. The buying power would increase by 2% C.
Answers (1)
An investment costs $3,460 and pays $250 in perpetuity. what is the interest earned on this investment?
Answers (1)
To construct the consumer price index, the bureau of labor statistics must:
Answers (1)
Graff Company had the following data for the month of November: Retained Earnings, November 1 = $10,000 Net Income = $2,000 Dividends = $1,200 What is the amount of Retained Earnings on November 30 for Graff Company?
Answers (1)
New Questions in Business
Green Frog is an environmentally friendly firm in the cosmetics industry that has decided to undertake a strategic planning project.
Answers (1)
Mike and Sara are both from the same country and share the same culture. The communication that takes place between them would be classified as: a. intracultural communication. b. intrapersonal communication. c. ethnocentric communication. d.
Answers (1)
With a traditional savings account, you could be charged a fee if: AYou deposit too much money at once BYou open an account online CYou withdraw money too often DYou close the account
Answers (1)
Most communication roadblocks are associated with which type of communication style? Assertive Passive Passive aggressive Aggressive
Answers (2)
Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,000 in cash receipts and $130,000 in cash disbursements during August.
Answers (1)