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Do the following contracts need to be in writing to be enforceable? Explain why or why not. A contract whereby the president of NewCo. Gives



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.

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