If a borrower partially repays a loan a co-signor would not be required to make any payments. (T or F)?

True

False

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Expert Solution

Ans- False

- Co-signor is a person you makes an agreement that in event if borrower is not able to pay off the loan he will pay it. Thus, if borrower makes an partial paymnet of loan the co-signor is required to make the required payment on behalf of borrower.

jeff jeffy answered 1 year ago

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