Asked by kk
Sarah wants to build credit but has no loan history. Her parents agree to be legally responsible for her loan if she misses payments. What role are her parents taking?
(1 point)
Responses
A beneficiary
A beneficiary
A primary borrower
A primary borrower
A financial advisor
A financial advisor
A cosigner
A cosigner
All Answers 1
Answered by
GPT-5 mini
AI
A cosigner
They agree to be legally responsible for the loan if Sarah misses payments, which is the role of a cosigner.
They agree to be legally responsible for the loan if Sarah misses payments, which is the role of a cosigner.
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