Remaining Time: 2 hours. 24 minutes, 06 seconds. Question Completion Status: QUESTION 1 PROBLEMA Cal de Contractor offered to update Deb's kitchen and bathroom and install new carpetung in her living room for $32,000 Deb went to her hank and was told she doesn't qualify for home improvement Bucal She spoke with her parents, Ellis and Ellen (E&E): Dub I'm so frustrated because I dont qualify for a home improvement loun. I bought the house lost year and don't want to live like this anymore. No matter how much / scrub, The kitchen and bothroom counters and floors look dirty from stains the foucers have rust spots, the stove and refrigerator are scrotched up, and the carpet has yukly stains and smells. E&E We want to help. Next week we go to our bank and borrow the money you need. If they osk will you sign as surety? Deb Sure, of course, // do whatever is needed and 18 pay back the loan. The following week, E&E went to their bank and got a $32,000 loan Deb accompared them and sigoed some papers. When the loan officer gave E&E te check for $32.000 de immediately lucided over to Deb Deb put the money in her bank account and told Cal to start working. A few days later, Deb gol a phone call from her parents hank Sam Hi. /'m Som, the loan officer who handled the $32,000 loan a few days ago. I'm sorry to bother you, but just discovered that you signed the wrong oopers. Can you come in and sign the correct surety papers as soon as possible? Deb Sure. Absolutely I'm busy today but I'll be there in a day or two. Dee never returned to her parents bank and she never seed Lew surety papiers dean te remedies fruen. Sans and even bet parents. Three months passed, and Deb dutifully made each monthly payment on the loan When Cal finished the work on her house, Debt paid him $32.000 Then Dcb stopped making payments on the loan Sam called Samra Mi, it's Sam. I notice you missed the lost payment on your loan. When can we expect you to pay that amount plus this month's poyment? Deb on yeoh. That loan was mode by my parents, nor me. They ve retired and moved to Portugal Vhove other expenses to take care of sol won't be making any more poyments to you. QUESTION A-1 (6 pts) Select ONE OR MORE correct statements below Deb's agreement with the Bank is within the statute of frds. 2. Deb's freement with the Bank is outside of the state of frauds 3 There is a suficient write 4 There is not a sufficacat writing 5. The admission exception applies. The part performance exreption applies LI The main purpose exception applies. 8. The docture of promissory estuppel applics. QUESTION 2 QUESTION A-Z (3 pts) Tf the Exitik sues Deb. Will the bank win? O Yes Save All Answers Click Son and Submit to save and submit Chick Answers to save all areas. Hackboard XO 5 Remaining Time: 2 hours. 23 minutes, 45 seconds Question Completion Status: 3 poin QUESTION 2 QUESTION A-2 (3 pts) Tf the bank aues Deb will the bank wint? Yes No ope QUESTION 3 QUESTION A-3(6 pts) Explain your answers to the preceding QUESTIONS A-1 AND A-2 For the toolbar, press ALT+F10 TRC) or ALTHAN-FloMac) B TVS Patagraph Arial 140X 2 X o o o X X, IT + 3 W P QUESTION 4 PROBLEME Alowns a large ranch and is very close to his nephew, Bob, who lives in Tulu. Bob has her visiting Al often childhood. "I hey tish towether at a pond ou Al's land, and every fall they but togethan Als land Thee years ago, they talked Bob's so peaceful up here. Feels more like home than my house in Tulsa Al VWsell you 50 acres for $1,000, so you can build a house or set up a trokler nearby, Bob Wow that would be great And of course we'll keep up our tradition of fishing and hunting together. A1 Yup, you always be welcome to fish and hunt on my land, even after I'm too old to go with you. W talk to my lawyer and get the paperwork set up. One month later. Bob and Al went to the lawyer's office and we given seursal documents to including a Contract of Salc which named Al as the Seller" and Bob as the "Buver" Bub nodded Al ................................. LU Sadel Answers Chick Save and Submit to save and submit Cack Sun AW ANSWERS to save all answers Remaining Time: 2 hours. 24 minutes, 06 seconds. Question Completion Status: QUESTION 1 PROBLEMA Cal de Contractor offered to update Deb's kitchen and bathroom and install new carpetung in her living room for $32,000 Deb went to her hank and was told she doesn't qualify for home improvement Bucal She spoke with her parents, Ellis and Ellen (E&E): Dub I'm so frustrated because I dont qualify for a home improvement loun. I bought the house lost year and don't want to live like this anymore. No matter how much / scrub, The kitchen and bothroom counters and floors look dirty from stains the foucers have rust spots, the stove and refrigerator are scrotched up, and the carpet has yukly stains and smells. E&E We want to help. Next week we go to our bank and borrow the money you need. If they osk will you sign as surety? Deb Sure, of course, // do whatever is needed and 18 pay back the loan. The following week, E&E went to their bank and got a $32,000 loan Deb accompared them and sigoed some papers. When the loan officer gave E&E te check for $32.000 de immediately lucided over to Deb Deb put the money in her bank account and told Cal to start working. A few days later, Deb gol a phone call from her parents hank Sam Hi. /'m Som, the loan officer who handled the $32,000 loan a few days ago. I'm sorry to bother you, but just discovered that you signed the wrong oopers. Can you come in and sign the correct surety papers as soon as possible? Deb Sure. Absolutely I'm busy today but I'll be there in a day or two. Dee never returned to her parents bank and she never seed Lew surety papiers dean te remedies fruen. Sans and even bet parents. Three months passed, and Deb dutifully made each monthly payment on the loan When Cal finished the work on her house, Debt paid him $32.000 Then Dcb stopped making payments on the loan Sam called Samra Mi, it's Sam. I notice you missed the lost payment on your loan. When can we expect you to pay that amount plus this month's poyment? Deb on yeoh. That loan was mode by my parents, nor me. They ve retired and moved to Portugal Vhove other expenses to take care of sol won't be making any more poyments to you. QUESTION A-1 (6 pts) Select ONE OR MORE correct statements below Deb's agreement with the Bank is within the statute of frds. 2. Deb's freement with the Bank is outside of the state of frauds 3 There is a suficient write 4 There is not a sufficacat writing 5. The admission exception applies. The part performance exreption applies LI The main purpose exception applies. 8. The docture of promissory estuppel applics. QUESTION 2 QUESTION A-Z (3 pts) Tf the Exitik sues Deb. Will the bank win? O Yes Save All Answers Click Son and Submit to save and submit Chick Answers to save all areas. Hackboard XO 5 Remaining Time: 2 hours. 23 minutes, 45 seconds Question Completion Status: 3 poin QUESTION 2 QUESTION A-2 (3 pts) Tf the bank aues Deb will the bank wint? Yes No ope QUESTION 3 QUESTION A-3(6 pts) Explain your answers to the preceding QUESTIONS A-1 AND A-2 For the toolbar, press ALT+F10 TRC) or ALTHAN-FloMac) B TVS Patagraph Arial 140X 2 X o o o X X, IT + 3 W P QUESTION 4 PROBLEME Alowns a large ranch and is very close to his nephew, Bob, who lives in Tulu. Bob has her visiting Al often childhood. "I hey tish towether at a pond ou Al's land, and every fall they but togethan Als land Thee years ago, they talked Bob's so peaceful up here. Feels more like home than my house in Tulsa Al VWsell you 50 acres for $1,000, so you can build a house or set up a trokler nearby, Bob Wow that would be great And of course we'll keep up our tradition of fishing and hunting together. A1 Yup, you always be welcome to fish and hunt on my land, even after I'm too old to go with you. W talk to my lawyer and get the paperwork set up. One month later. Bob and Al went to the lawyer's office and we given seursal documents to including a Contract of Salc which named Al as the Seller" and Bob as the "Buver" Bub nodded Al ................................. LU Sadel Answers Chick Save and Submit to save and submit Cack Sun AW ANSWERS to save all answers