Pay the loan is a collateral promise, Business Management

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Pay the loan is a collateral promise

Amanda, a recent university graduate, needed a car to get to her new job. To help Amanda secure a loan for the car, Ted, a friend, agreed to pay the loan should Amanda default. Ted's promise to pay the loan is a collateral promise. His promise must be in writing to be enforceable.

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Business Management: Pay the loan is a collateral promise

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Business Management: Pay the loan is a collateral promise

Reference No:- TGS098572

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: Pay the loan is a collateral promise

Reference No:- TGS098572

Recent Questions Asked Business Management

Q : The structure of small intestine modified to carry out

Q : Describe how cardiac muscle fibers form conductive

Q : Sequence q is a normally functioning operator sequence

Q : How is acid rain harmful to plants

Q : Pay the loan is a collateral promise

Q : Children generally caused by excess urine production

Q : How much was accrued wages payable

Q : What is apple ipod competitive advantage

Q : Diabetes insipidus large amounts of severely dilute urine

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