MZ2017
MZ2017
02.03.2021 • 
Business

Joel and Matthew were college roommates who loved to fish. They decided to buy a bass fishing boat together and filled out a loan application as co-applicants. In the summer after their junior year, Joel dropped out of college, hitched the boat and trailer to his car and took off. They still owed $2,300 on the boat that was being paid off at the rate of $150 per month. If Joel stops paying his half of the loan and Matthew can't locate Joel, what happens to the loan?

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