Babcock cosigned an automobile loan agreement that enabled her friend,
Horne, to obtain a $5,000 loan to acquire an automobile from a third
party. Horne defaulted on the loan after making a number of payments,
and Babcock paid $2,000 to the lending institution to pay off the
remaining balance on the loan. Babcock then brought suit against Horne
to recover the $2,000.
Is she entitled to recover the $2,000? fully explain using the IRAC METHOD.