Calvin, a college student, wants to purchase an automobile on credit from irontilt motors. he does not have sufficient income or the credit history to justify the extension of credit to him alone. calvin asks his father to cosign a note to irontilt motors, which his father agrees to. what role does calvin's father fulfill here so that calvin can buy the car?

Answer rating: 100% (QA)

SOLUTION Calvins father fulfils the role of a guarantor th... View the full answer