This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Mark owes 2000 each to his business partners, Ryan, Bryan, and Clark. Since Mark is facing financial ... (Read 92 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Remove all of the spark plugs. Be sure to mark the spark plug wires so that they can be reinstalled ... Remove all of the spark plugs. Be sure to mark the spark plug wires so that they can be reinstalled ...
Private Practice Massage Therapy Business Plan Cont Private Practice Massage Therapy Business Plan Cont
International Business: The Challenges of Globalization, 8th Edition International Business: The Challenges of Globalization, 8th Edition
Arguments take place when partners are home from work Arguments take place when partners are home from work
Business Math Business Math
Business Math Business Math
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library