a) What did Rosenbaum and Bowen agree to do? b) What does secured by her house mean?
Question:
b) What does "secured by her house" mean?
c) Is this arrangement fair?
d) Is this arrangement with Rosenbaum legal?
e) Why did Rosenbaum agree to Bowen's deal?
f) Why did Bowen ask Rosenbaum to sign a second note to Bulow?
g) Could Bulow enforce the second note?
h) Why hadn't he given value?
i) Why hadn't he acted in good faith?
j) Both Bowen and Rosenbaum were wrong. She reneged on the deal; he illegally accepted a bond fee. Why should Rosenbaum win?
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a Rosenbaum agreed to give Bowen a promissory note for 7500 secured by her house In return Bowen agr...View the full answer
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Related Book For 
Business Law and the Legal Environment
ISBN: 978-1285860381
7th edition
Authors: Susan S. Samuelson, Jeffrey F. Beatty
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