Absence of an agreement to the contrary, Business Management

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Absence of an agreement to the contrary

Ross and Sally agree to guarantee Tim's debt. Ross's maximum liability is $30,000, and Sally's is $20,000. Tim owes $20,000 and is in default. Ross pays the creditor the entire amount. In the absence of an agreement to the contrary, Ross can recover from Sally

A) 8000

B) 25000

C) 20000

D) 10000

E) 0

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Business Management: Absence of an agreement to the contrary

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Business Management: Absence of an agreement to the contrary

Reference No:- TGS099785

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

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Request for Solution File

Ask an Expert for Answer!!

Business Management: Absence of an agreement to the contrary

Reference No:- TGS099785

Recent Questions Asked Business Management

Q : Major database vendors comply with the ansi standard

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Q : Unique selling proposition and brand image

Q : A turn-of-the-century chemist isolated an aromatic compound

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