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Author Question: Tiny borrows 20,000 from First Bank. Mike is the surety on the loan. Tiny defaults and First Bank ... (Read 134 times)

kfurse

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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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

e

Answer to Question 2

TRUE


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