Refer to Fact Pattern 28-2B. The reason for the result in the previous question is that
A) Rico signed a "GUARANTY."
B) Rico signed the lease "on Start-Up's behalf."
C) Town Properties probably forced Rico to sign the "GUARANTY."
D) Town Properties still owns the property and is free to re-lease it.

Question

Quizplus · Accepted Answer

Rico's signature on the "GUARANTY" made him personally liable for the lease, regardless of whether Start-Up was successful or not.