Do the following contracts need to be in writing to be enforceable Explain why or why not A contract whereby the president of NewCo Gives a personal guarantee (i e , uses personal assets as collateral) for a $150,000 revolving line of credit loan to NewCo From First National Bank ...

Yes a contract for a personal guarantee on a loan above a certain amount typically needs to be in wr ...

Do the following contracts need to be in writing to be enforceable? Explain why or why not.

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Do the following contracts need to be in writing to be enforceable? Explain why or why not.

A contract whereby the president of NewCo. Gives a personal guarantee (i.e., uses personal assets as collateral) for a $150,000 revolving line of credit loan to NewCo. From First National Bank.

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Business Law And Strategy

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Authors: Sean Melvin, David Orozco, F E Guerra Pujol

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Posted Date: Mar 11, 2024 01:39 AM

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A contract whereby the president of NewCo gives a personal guarantee (i.e., uses personal assets as collateral) for a $150,000 revolving line of credit loan to NewCo from First National Bank.
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Do the following contracts need to be in writing to be enforceable? Explain why or why not.

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Business Law And Strategy

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