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Crown Corporation has borrowed $16,000,000 from Third Bank. Third Bank required four sureties for the loan. The sureties are as follows: Andover $4,000,000 Busch $8,000,000

Crown Corporation has borrowed $16,000,000 from Third Bank. Third Bank required four sureties for the loan. The sureties are as follows:

Andover $4,000,000

Busch $8,000,000

Chapman $2,000,000

Davidson $2,000,000

Crown has defaulted on the loan after paying back $4,000,000. How much will each surety be required to pay? What if Busch was bankrupt? How much would Andover, Chapman, and Davidson have to pay?

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