Question: ASAP Please Question Completion Status: [Rough Start] Allison, who just graduated from college, wanted to buy a new car. However, she did not have much
Question Completion Status: [Rough Start] Allison, who just graduated from college, wanted to buy a new car. However, she did not have much of a credit history, and the bank would not give her a loan unless she had a cosigner who agreed to be liable on the loan along with Allison. Allison's father cosigned with Allison on her loan at the bank. Allison also wanted to start a real estate business. She needed funds with which to do so. Her boyfriend, Sean, promised the bank, in writing that he would pay Allison's start-up loan for the real estate business if Allison did not do so. Unfortunately, Allison did not make any money in the real estate business. She went bankrupt along with Sean, who had been acting as her receptionist. The agreement entered into between Allison's father and the bank is called what? A certified agreement An acknowledged agreement A guaranty Un An executory promise A suretyship W QUESTION 15 Man agent makes a contract with a third party that expressly excludes the principal from the contract, which statement effectively describes the liability of the principal? The principal is liable on the contract only if the principal is an unidentified principal. The principal is liable on the contract only if the principal is a partially disclosed principal. The principalis liable on the contract because it is unconscionable to exclude a principal from a contract. The principal is not liable on the contract. The principalable on the contract unless the principal gave the agent authority in writing to make the agreement with the third party
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