Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Georgie applies for a loan with Eazi Finance Co Ltd. Eazi Finance offer Georgie the money at 15% per annum interest. She accepts in writing

image text in transcribed

Georgie applies for a loan with Eazi Finance Co Ltd. Eazi Finance offer Georgie the money at 15% per annum interest. She accepts in writing by agreeing to the "terms" of the loan as set out by Eazi Finance and the loan is funded accordingly. Select one: a. The consideration will support the agreement as Eazi Finance has promised to lend money in exchange for the plaintiff's promise to repay the principal with interest. b. The contract is not valid. There seems to be missing elements. C. The intention seems to be missing in the agreement. The consideration based on promise is not valid

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_2

Step: 3

blur-text-image_3

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

The Training And Development Audit

Authors: Rosemary Harrison

2nd Edition

0955970725, 978-0955970726

More Books

Students also viewed these Accounting questions