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06.05.2020 •
Social Studies
Dollar Value Motors asks Estimable Bank for a loan to increase its vehicle inventory. Estimable requires Flair, Dollar Value's president, to sign a personal guaranty to pay the debt if Dollar Value defaults. Meanwhile, to buy a pick-up truck from Dollar Value, Gina asks Harper to co-sign a credit application. If Flair is a guarantor, then the guaranty is required to be in writing because of
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Ответ:
Because of the Statute of Frauds
Explanation:
Dollar Value Motors asks Estimable Bank for a loan to increase its vehicle inventory. Estimable requires Flair, Dollar Value's president, to sign a personal guaranty to pay the debt if Dollar Value defaults. Meanwhile, to buy a pick-up truck from Dollar Value, Gina asks Harper to co-sign a credit application. If Flair is a guarantor, then the guaranty is required to be in writing because of THE STATUTE OF FRAUDS
Ответ: