jacob is the cosigner for mariehs loan. what happens if marieh does not pay the loan?\njacobs parents are…

jacob is the cosigner for mariehs loan. what happens if marieh does not pay the loan?\njacobs parents are responsible.\njacob will have to pay 100% of the amount due to the lender.\nboth jacob and marieh are responsible to pay 50% each on the amount due.\nonly marieh is responsible for 100% of the amount due.

jacob is the cosigner for mariehs loan. what happens if marieh does not pay the loan?\njacobs parents are responsible.\njacob will have to pay 100% of the amount due to the lender.\nboth jacob and marieh are responsible to pay 50% each on the amount due.\nonly marieh is responsible for 100% of the amount due.

Answer

Answer:

Jacob will have to pay 100% of the amount due to the lender.

Brief Explanations:

A cosigner is fully - liable if the primary borrower defaults.