Homework Clinic
Social Science Clinic => Business => Topic started by: ts19998 on Jun 24, 2018
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Amanda, a recent university graduate, needed a car to get to her new job. To help Amanda secure a loan for the car, Ted, a friend, agreed to pay the loan should Amanda default. Ted's promise to pay the loan is a collateral promise. His promise must be in writing to be enforceable.
Indicate whether the statement is true or false
Question 2
International business law draws from both public and private law as related to business transactions.
Indicate whether the statement is true or false
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Answer to Question 1
TRUE
Answer to Question 2
TRUE