If a firm was attempting to obtain a guaranty from third parties to a contract with a
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Quality Printing is a printing broker that sells printing services to customers but subcontracts the printing work to third parties. It contacted Capital Color Printing, Inc. (CCP), about doing some work. The credit manager at CCP said that Jason Ahern and Todd Hefl in, the owners of Quality would have to execute personal guaranties before CCP would do any work. Quality sent CCP a credit application that contained a guaranty. The names “Ahern” and “Hefl in” appeared on the “Your Name” line.
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
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Related Book For
Business Law Today The Essentials
ISBN: 978-0324786156
9th Edition
Authors: Roger LeRoy Miller, Gaylord A. Jentz
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