Question

Muffins-2-Go buys a truck from Street Vehicles, Inc., under a contract signed by Riley, Muffins-2-Go’s president, making him personally liable if Muffins-2-Go does not pay the loan. Riley is____________.a. a guarantor.b. a surety.c. a co-surety.d. a co-creditor.

Answer 1

The correct answer is a. a guarantor.

Step-by-step explanation:

In the case of a new product, the person who offers / sells a product must respond to defects that are present within a minimum of 2 years, from the date on which the product is delivered. In other words, the buyer has the assurance that, for two years, he will be able to have the company's technical service, to deal with any possible damages that may arise.

In the case of new products, the company that manufactures it is the guarantor, which will be responsible for arranging or returning the money to the buyer, if the product does not respond to the provisions of the contract of sale.