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Can you please help me with questions 4 and 6 thank you x I Take Test: Chapter 31 Test - BU x + ses.rcgc.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_68338_1&course_id=_15932_1&new_attempt=1&content_id=_1538780_1&step= Remaining

Can you please help me with questions 4 and 6 thank you

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x I Take Test: Chapter 31 Test - BU x + ses.rcgc.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_68338_1&course_id=_15932_1&new_attempt=1&content_id=_1538780_1&step= Remaining Time: 2 hours, 18 minutes, 02 seconds. Question Completion Status: QUESTION 4 China Outlet made contract to purchase $1 million of china from Seller on credit. ABC Savings and Loan issued a letter of credit agreeing to pay $250,000 upon receipt of documents showing that the china was in fact delivered to China Outlet. China Outlet failed to pay for the china and Seller demanded the $1 million from ABC Savings and Loan. As a result: ABC Savings and Loan must pay $1 million to Seller. ABC Savings and Loan must pay$250,000 immediately upon demand by Seller. ABC Savings and Loan must pay $250,000 to Seller after it receives the required documents. O ABC Savings and Loan must not pay anything to Seller until ABC Savings and Loan receives the required documents and ABC Savings and Loan inspects the china to assure that Seller properly performed the contract. QUESTION 5 the concept of contribution? Pasquale and Paul were sureties on the debt of Rose. Each had a $100,000 responsibility. Upon Rose's default, Pasquale paid $50,000 to the creditor. How much may Pasquale recover from Paul under Zero $50,000 $10,000 $25,000 QUESTION 6 William acted as co-signer on Acea s loan from State Bank. Which of the following events would release William from the payment obligation to State Bank should Ace default? State Bank seeking payment of the loan only from William. Ace is granted a discharge in bankruptcy. State Bank is paid in full by Acea s spouse. Ace is adjudicated mentally incompetent. QUESTION 7 Meenie, Miney and Moe acted as co-sureties. Meenie had a maximum exposure of $40,000, Miney had a maximum exposure of $60,000 and Moe had a maximum exposure of $80,000. Debtor defaulted when the loan was still at $180,000. Meenie paid $36,000 to the lender as full and final settlement of any and all claims against Meenie, Miney and Moe. What is the total amount that Meenie is able to recover from Miney and Moe under the theory of indemnification

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