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svp [43]
3 years ago
14

Uncle Rodrick was deeply in debt when he died. His niece, Evangeline, became the administrator of his estate. She orally promise

d Rodrick's creditors that she would personally pay his debts if they didn't publicize the fact that Rodrick died in debt. When Evangeline was unable to pay the debts, the creditors sued her. Will the creditors be legally able to collect from Evangeline?A. Yes, Evangeline made a guaranty of payment.B. Yes, there was a bargained-for exchange.C. No, Evangeline was not Rodrick's child.D. No, Evangeline's promise wasn't in writing or signed.
Business
1 answer:
Dennis_Churaev [7]3 years ago
3 0

Answer:Yes, there was a bargained for exchange.

Explanation:

The contract is valid for there was offer and acceptance, also consideration has been exchange by both parties. Evangeline is in a position to make the offer been the administrator of Rodrick estate

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Answer

The answer and procedures of the exercise are attached in the following archives.

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You need to borrow money and you are considering two loans. The terms of the two loans are equivalent with the exception of the
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Answer:

For Loan A = 3.170%

For Loan B = 3.174%

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Explanation:

The computation of effective annual rates for the loans is shown below:-

For Loan A

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Stated rate(r) = 3.125% compounded monthly

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For Loan B

We will assume the effective annual rate is b

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