Question
Aldo (CFO), Bruno (VP), and Consuelo (CEO) are sureties in the amounts of $60,000, $120,000, and $180,000 (respectively) for their corporation's (WaxBrite) loan of $300.000.
Aldo (CFO), Bruno (VP), and Consuelo (CEO) are sureties in the amounts of $60,000, $120,000, and $180,000 (respectively) for their corporation's (WaxBrite) loan of $300.000. What would the sureties owe if WaxBrite has paid $120,000 of the debt? Suppose that Aldo has gone bankrupt leaving Bruno and Consuelo to pay. How much would each of them have to pay then?
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Introduction to Law
Authors: Beth Walston Dunham
6th edition
978-1111642501, 1111642508, 1111311897, 978-1133707981, 113370798X, 978-1111311896
