Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

business law question: Do the following contracts need to be in writing to be enforceable? Explain why or why not. 1. A contract whereby the

business law question:
image text in transcribed
Do the following contracts need to be in writing to be enforceable? Explain why or why not. 1. A contract whereby the president of NewCo. Gives a personal guarantee (i.e., uses personal assets as collateral) for a $150,000 revolving line of credit loan to NewCo. From First National Bank 2. An agreement of sale for a piece of real estate for a corporation to build a new warehouse for $500,000. 3. A contract for consulting services for $10,000 over the next 90 days. 4. A two-year advertising contract between a retail store and a local newspaper

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions