Question: Can you please write down the answer for this thanks. PROMISSORY NOTE Apr 15' 2015 . NEW York, NY For value received, I, Glna Gigabyte,

Can you please write down the answer for this thanks.

Can you please write down the answer for thisCan you please write down the answer for this
PROMISSORY NOTE Apr\" 15' 2015 . NEW York, NY For value received, I, Glna Gigabyte, of 371 Nagle Avenue, Apartment SD, New York, New rk, promise to pay to Sally Brine at 4531 Fifth Avewe' New W 6 sum ofs 500,000, Mth interest at the rate of 99' 3"""anv' York County, New Yo rk, new York, on May 31, 2016, :11 W Gina Gigabyte in run-m, :3th _ \"h Illl Ill'iili'?' l Note Repayment Brine has had some recent nancial difculties, is in need of cash, and telephoned Gigabyte and made the following offer. Brine promised that if Gigabyte pays Brine $400,000 by December 30, 2015, Brine will satisfaction of Glgabyte's obligation to pay $500,000. Gigabyte is very interested in the proposal. Although she will have to struggle a bit to pay the money back now, it would be worth it to her if she can be certain that she would be able to save $100,000 by paying $400,000 by December 30, 2015. Gigabyte wanted Brine to put her promise in writing, but when she suggested it, Brine said that her word was good and was offended that Gigabyte would suggest that she could not be trusted. Gigabyte has asked for your advice as to whether she should accept Brine's offer. Please prepare a memo to Gigabyte advising her on this matter. Your memo should specically deal with and explain the issues of: (1) whether Brine's promise will be binding and enforceable and (2) whether the fact that her promise will not be in writing will be a problem. You should use the appropriate legal terminology but you should explain clearly so that Gigabyte, who has no background in law, will understand

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