First National Bank hired Longdon as a secretary and obtained a surety bond from Belton covering the
Question:
(a) If the bank demands a payment of $50,000 from Belton, what defense, if any, might Belton raise to deny any obligation to the bank?
(b) If Belton fully reimburses the bank for its loss, under what theory or theories, if any, may Belton attempt to recover from Longdon?
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a Defenses of the surety Belton could argue that t...View the full answer
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Related Book For 
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
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