WAEC Commerce 2019 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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The person who gave his building as a security for a loan is known as
- A. trustee
- B. mortgagee
- C. mortgagor
- D. guarantorCorrect
Explanation
Per the source, this role is described as a guarantor — a person who pledges assets as collateral against a loan.
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