Fact Pattern 19-1 Petro Oil Refinery Asks Quality Bank for a Loan to a Loan

Fact Pattern 19-1
Petro Oil Refinery asks Quality Bank for a loan to increase its oil inventory. Quality requires Robin, Petro's president, sign a personal guaranty to pay the debt if Petro defaults. Meanwhile, to sell fifty barrels of refined oil to Slick Lubricants, Inc., Petro asks its outside accountant Tina to co-sign a credit application.
-Refer to Fact Pattern 19-1.If Tina signs the application only after language is included that requires Petro to exhaust its legal remedies against Slick before looking to her, then Tina is​

A) ​a surety.
B) ​a lienor.
C) ​a guarantor.
D) ​a creditor.

Correct Answer:

Verified

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