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MMLU-Pro / 5464 / Brown cosigned Royal's …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Brown cosigned Royal's $50000 note to State Bank. If Royal is later adjudicated mentally incompetent what would be Brown's liability on the note?

category

other

options

  1. Liable to pay State only if State first seeks payment from Royal.
  2. Not liable to pay State as Brown was only a voluntary surety.
  3. Liable to pay State only if Royal fails to meet the payment deadline.
  4. Not liable to pay State, as Royal's mental incompetency releases all cosigners from liability.
  5. Not liable to pay State unless Brown was a compensated surety.
  6. Liable to pay State, but only half of the note due to Royal's mental incompetency.
  7. Not liable to pay State because Royal's incompetency discharges Royal as a surety.
  8. Liable to pay State on the due date of the note.
  9. Not liable to pay State, as Brown's liability is dependent on Royal's mental competency at the time of signing.
  10. Liable to pay State, but only if Royal's assets are insufficient to cover the debt.

src

ori_mmlu-professional_accounting

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Source and history

upstream_id / Original problem ID
5464
task_id
e517bd8e-a3db-5c36-91fb-8391ff0e98d5
task_key
default--test--5464
task_revision_id
1
config / split
default / test

Official source

initial import