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Exam

$($i$)$ A $$

Question $32$

$5$ pts

As a condition of issuing a line of credit to Cal Coast Coffee, Acme Bean Company requires that Cal Coast Coffee's private Certified Public Accountant Mary Smith co$-$sign a credit application. According to the terms, if Cal Coast Coffee defaults on its line of credit, Acme Bean Company can demand payment from Ms$.$ Smith without first pursuing legal remedies against Cal Coast Coffee. In this arrangement, Ms$.$ Smith is

$$ a surety.

a guarantor.

a creditor.

a lienor.

Question $33$

$5$ pts

Big Burgers files a complaint with the Federal Trade Commission $($FTC$)$ about an ad broadeast by a competitor, DZY Burgers. The FTC investigates and concludes that the ad is unfair or deceptive. The FTC$\text{'}$s next step is to