When someone defaults on debt, who pays for the debt? Select all that apply
the government
the person who defaulted on the debt
taxpaying citizens
corporations
Answers
Answered by
0
Answer:person who give surity signature they have to pay (in finance)purpose
Explanation:
He had wave warranty that
He will pay in few months but here he did not paid so he should pay
Answered by
3
When someone defaults on debt, it is paid by the person who defaulted on the debt.
Option: (B)
Explanation:
- The process of debt is provided on a certain condition in which the person must be able to pay before the deadline.
- If a person will not be able to clear the debt than the debt will have certain consequences.
- If the credit score does not match or is very less than it may cause problem to the person who have taken the loan.
To know more:
Jim has a home loan and a car loan. He defaults on his home loan after a year of making payments on time. However, he continues to make all of his car payments on time. Will his actions make his home debt a good or bad debt? Why?
https://brainly.in/question/7683289
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