« previous next »

Author Question: Tiny borrows 20,000 from First Bank. Mike is the surety on the loan. Tiny defaults and First Bank ... (Read 172 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 24, 2018
Tiny borrows 20,000 from First Bank. Mike is the surety on the loan. Tiny defaults and First Bank requires Mike to pay the balance of the loan. In this case, Mike may sue:
 a. First for violating its guarantor obligations b. First for defrauding him
  c. First to exonerate him
  d. Tiny to become an indentured servant e. none of the other choices

Question 2

In general, price fixing among competitors is per se illegal.
 a. True
  b. False
  Indicate whether the statement is true or false


smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 24, 2018
Answer to Question 1

e

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

The tiny male of the Golden orb weaver (Nephila clavipes) The tiny male of the Golden orb weaver (Nephila clavipes)
Only 750 mountain gorillas remain in two tiny forests in East Africa. Only 750 mountain gorillas remain in two tiny forests in East Africa.
After excavation, recovered remains are screened to ensure that even tiny fragments are retrieved an After excavation, recovered remains are screened to ensure that even tiny fragments are retrieved an
Number and label designations for oxygen sensors. Bank 1 is the bank where cylinder number 1 is ... Number and label designations for oxygen sensors. Bank 1 is the bank where cylinder number 1 is ...
Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Video: Febrile Seizure

For a complete list of videos, visit our video library