Question
Mr. Oliver sold his business to Brenda Buyer, andBrenda promised to assume and pay Mr. Oliver'sbusiness debts as part of the written purchase agreement.After Brenda
Mr. Oliver sold his business to Brenda Buyer, andBrenda promised to assume and pay Mr. Oliver'sbusiness debts as part of the written purchase agreement.After Brenda took over the business, she refused to pay Bank of Utica, one of Mr. Oliver's business creditors.
BoU, aware that Brenda had assumed and agreed to pay Oliver's business debts, sued Brenda for the amount of their claim against Mr. Oliver.Brenda claimed Bank of Utica couldn't sue her on this claim because she had no contract with that bank.Was Brenda's defense valid? Explain fully why or why not.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started