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Rita decides to open her own business. Her friend, Nichole, agrees to lend Rita $ 5 , 0 0 0 to start the business as
Rita decides to open her own business. Her friend, Nichole, agrees to lend Rita $ to start the business as long as Rita's parents agree to guarantee the loan pay it back if Rita cannot Rita's parents tell Nichole they will guarantee the loan. Rita's business later fails and Rita is unable to pay back the loan. Can Nichole successfully sue Rita's parents for the loan? Why or why not?
Rita decides to open her own business. Her friend, Nichole, agrees to lend Rita $ to start the business as long as Rita's parents agree to guarantee the loan pay it back if Rita cannot Rita's parents tell Nichole they will guarantee the loan. Rita's business later fails and Rita is unable to pay back the loan. Can Nichole successfully sue Rita's parents for the loan? Why or why not?
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