Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 7 1 1 pts Integrated Tech applies for a business ijan from County Credit Union. To help Integrated get the loan so that it
Question
pts
Integrated Tech applies for a business ijan from County Credit Union. To help Integrated get the loan so that it will be able to stay in business and fulfill a deal it has made with her, Denise promises the credit union's loan officer that she will repay the loan if Integrated does not. To be enforceable, Denise's promise:
must be in writing because it benefits Denise.
must be in writing because it benefits Integrated.
must be in writing because the credit union is not a party to the other deal.
must be in writing as Denise is a guarantor.
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