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Author Question: Mark owes 2000 each to his business partners, Ryan, Bryan, and Clark. Since Mark is facing financial ... (Read 89 times)

nenivikky

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on: Jun 24, 2018
Mark owes 2000 each to his business partners, Ryan, Bryan, and Clark. Since Mark is facing financial difficulties, his business partners agree to accept a total amount of 4800 from Mark as a cancellation of the unpaid balance due to them. This type of an agreement is known as a _____.
 A) composition of creditors
 B) writ of certiorari
 C) forbearance
 D) promissory estoppel

Question 2

The parol evidence rule generally excludes words spoken before or at the time a written contract was executed from contradicting the terms of the contract.
  Indicate whether the statement is true or false


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Hdosisshsbshs

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

A

Answer to Question 2

TRUE


nenivikky

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

shewald78

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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