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21 October, 12:57

Gabriel applies for a home loan and, mark signs the agreement promising to pay off the debt in case gabriel fails to do so. in this case mark is:

a. the cosigner be. the obligee

c. the obligor

d. the assignor

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Answers (1)
  1. 21 October, 16:56
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    The answer is letter a, cosigner. Mark is a cosigner is someone who is in charged of the other person's debt when that person he's in signed with wasn't able to meet the requirements or fail to pay or comply. That is why Mark is considered to be a cosigner of Gabriel if Gabriel fails to comply to pay the loan and Mark is in charged to settle it if Gabriel fails to do so.
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