Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

on 3 Georgie applies for a loan with Eazi Finance Co Ltd. Eazi Finance offer Georgie the money at 15% per annum interest. She accepts

image text in transcribed
on 3 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. tout of on Select one: a. The contract is not valid. There seems to be missing elements b. The intention seems to be missing in the agreement C The consideration based on promise is not valid d. The consideration will support the agreement as Eaci Finance has promised to end money in exchange for the plaintiff's promise to repay the principal with interest

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

Step: 3

blur-text-image

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

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

More Books

Students also viewed these Accounting questions