Guarantor Contracts And Primary Debt
John purchases a new refrigerator for Jane and promises the dealer that he will make the payments. Which of the following statements is correct?
AThis is a guarantor contract because John is guaranteeing Jane's debt.
BThis is a guarantor contract because John is purchasing an item for Jane.
CThis is not a guarantor contract because John is incurring his own debt.
DThis is not a guarantor contract because Jane is incurring her own debt.
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