Ethan fraudulently induces Franz to sign a promissory note to buy a speedboat. Franzs friend, Gus, agrees

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Ethan fraudulently induces Franz to sign a promissory note to buy a speedboat. Franz’s friend, Gus, agrees to act as a guarantor of the note. If Franz fails to make payment to Ethan, with respect to the defense of fraud, Gus can

a. assert this defense against Ethan.

b. assert this defense against Franz.

c. assert this defense against no one.

d. assert this defense against either Ethan or Franz.

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Jan 19, 2021 09:47 AM

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Ethan fraudulently induces Franz to sign a promissory note to buy a speedboat. Franzs friend, Gus, agrees

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