[Defaulted Loan] Bruce wanted to open his own restaurant,The Burger Bar,and called his friend Janet for a loan.Janet orally agreed to loan Bruce $200,000.The agreement was not put into writing.Two years later,the loan was never repaid and is in default.The Burger Bar is bankrupt and Janet decides to sue Bruce in his individual capacity.
-If the reasoning of the case in the text,Athanasios Valsamis v.Néstor Gonzáles-Romero is followed,what would Janet have to prove in court?
A) Janet does not have to prove anything,as the burden would shift to Bruce to prove an agreement did not exist.
B) Janet must prove money is due and Bruce is the responsible party.
C) Janet must prove money is due.
D) Janet must prove money is due and The Burger Bar is the responsible party.
E) Janet must prove The Burger Bar is the responsible party.
Correct Answer:
Verified
Q67: Which term refers to the time it
Q68: A check is always a[n] _ instrument
Q69: Which of the following refers to the
Q70: Before Mehdi endorsed the check it was
Q71: An instrument fails to be negotiable because
Q73: A _ is a two-party instrument and
Q74: Disregarding the issue of whether Sophie properly
Q75: In which of the following ways does
Q76: Which of the following is not a
Q77: [Used Car Commission] William promised to sell
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