QUESTION 17 Smelta, Inc., agrees to assume a debt of Drexall Company to New York

Question

QUESTION 17 Smelta, Inc., agrees to assume a debt of Drexall Company to New York State Bank. The agreement is not in writing. To be enforceable, the promise must be for the benefit of o a New York State Bank o b. Smelta c Drexall o d any party QUESTION 18 Ruth enters into a contract whereby she agrees to provide dog-walking services to Michael for $1,400 per moath Ruth cannot transfer this duty o a without Miles's consent Ob without continuing to be potentially liable. oc under any circumstances o d without paying Miles at least one monthly fee.

Explanation / Answer

Q17. The right answer is New York Bank as the bank is providing money as part of refinancing of loan

Q18. The right answer is withput consent of michael. Ruth can not transfer the duty without taking michael's consent

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---