Is it necessary for a person to understand the nature of the obligations being undertaken in a
Question:
Is it necessary for a person to understand the nature of the obligations being undertaken in a guarantee for the guarantee to be enforceable against that person?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (7 reviews)
Because a guarantee is often a significant obligation from ...View the full answer
Answered By
John Aketch
I am a dedicated person with high degree of professionalism, particularly in academic writing. My desire is to is to make students excel in their academic endeavor.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0132164429
4th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
What is necessary for a person to qualify as a holder in due course? Why is that designation significant?
-
When perpetual inventory records are maintained, is it necessary for a physical inventory to be taken at the balance sheet date? Explain.
-
Companies sometimes experience difficult financial times -often so drastic that bankruptcy is declared. If a firm does not invest sufficient resources in its growth, then at some point it will...
-
Inscribe a detailed paper on RFID Solutions and Standards in the Transportation Industry.
-
Ammonia gas is compressed from 21oC and 200 kPa to 1000 kPa in an adiabatic compressor with an efficiency of 0.82. Estimate the final temperature, the work required, and the entropy change of the...
-
a. Find the probability that when a single six-sided die is rolled, the outcome is 5. b. Find the probability that when a coin is tossed, the result is heads. c. Find the probability that when a...
-
What stakeholder affected by their behavior was Gilead weighting very lightly when it decided what to tell the FDA about the medicines it wished to have permission to sell?
-
On January 13, 2013, Precision Oil Company purchased a drilling truck for $90,000. Precision expects the truck to last five years or 200,000 miles, with an estimated residual value of $15,000 at the...
-
25 25 What is the output of the following code? [ (5 Puan) public class MyClass{ private static int x; public MyClass (int x) ( } this.x x; public static void printX() { ) System.out.println(x);...
-
Open the Orders Solution.sln file contained in the VB2017\Chap03\Orders Solution folder. The interface provides a button for adding the number ordered to the total ordered, and a button for...
-
Janet guaranteed Eldons debt of $18 000 to the Bank of Montreal on 1 January 2014. Eldons loan agreement with the bank provided that he was to pay back $1000 every month for 20 months. On 1 February...
-
Samra had agreed to guarantee a loan of $50 000 that her brother, Amman, had received from the Bank of Vancouver. Amman had entered into a general security agreement with the bank giving it a...
-
Our partition shows that 800 of the 2000 customers in our test set own a tablet, while 230 of the 600 customers in our training set own a tablet. Test whether the partition is valid for this...
-
Let's say your work for a B2B firm and you want to position yourself as a "Thought Leader" within a high-tech market segment. What would be a good social media strategy?
-
Evaluate amazon's shopping card, order processing setup, and security measures
-
FOREVER has identified an investment that will return $9,000 at the end of each year for unlimited time. If FOREVER can earn consistently at 6 per cent, Required: What is the maximum worth of this...
-
What important event in the outbreak investigation occurred on Dec 28th?
-
Explain the qualitative characteristics of financial information as detailed in A513 Conceptual Framework and demonstrate how these characteristics are useful to the users.
-
Explain relationships between the employment-at-will doctrine and the public policy exception.
-
What kind of financial pressures can an LBO cause?
-
Hardy Construction Ltd contractually agreed to build an office complex for Schtick Corp. Under the terms of that contract, Hardy Construction would incur a financial penalty if it failed to complete...
-
Explain the difference between sufficient consideration and adequate consideration. Will either type of consideration support the creation of a valid contract? Explain your answer.
-
The Goldberg Conservatory, a music school, ran a notice in several newspapers to announce that it had decided to have a new organ built and installed on its premises. The notice also asked for...
-
A taxpayer disposed a part of asset for 100,000 SR in cash. The taxpayer purchased that asset for 90,000 SR 5 years ago but the market value of the complete assets was as follows: Part disposed...
-
A company maintains debt/equity ratio of 0.6. The flotation cost of equity is 12% and flotation cost of debt it is 6%. The firm is considering a new project which will require $5 million in external...
-
Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget For the Month Ended...
Study smarter with the SolutionInn App