Matt just made a fortune inventing a new piece of software and has generously agreed to support his friend's application for a bank loan. Matt tells his friend he is willing to cover the debt no matter what happens. In order for this promise to be enforceable,
A) Matt's friend needs to get Matt to make that same promise to the bank.
B) Matt's friend needs to get Matt to fax the bank.
C) the bank needs to get it in writing.
D) Matt's friend needs to have the promise notarized and sent to the bank by registered mail.
E) the bank needs do nothing.
Correct Answer:
Verified
Q18: Which of the following contracts will be
Q19: Whether actual pressure has been exerted is
A)
Q20: Tajeash and Faye entered into a contract.
Q21: Raja set up a web site selling
Q22: The difference between a guarantee and an
Q24: Adrian and Darah entered into a contract.
Q25: Which of the following mistakes will most
Q26: Which of the following lists would the
Q27: Which of the following is TRUE?
A) A
Q28: The doctrine of frustration is invoked when
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents