subject
Social Studies, 14.06.2021 15:30 fr12345

A grandson asked to borrow $2,000 from his grandmother. She told him that she did not have the money but that she would ask a friend to lend him the money. The friend agreed on the condition that the grandmother would guarantee the loan. After the grandmother sent an unsigned letter to her friend that outlined the terms of the loan and her agreement to guarantee its repayment, the friend made the loan. When the loan came due and the grandson was unable repay it, the friend demanded that the grandmother make good on her promise. When she refused to do so, the friend filed an action in small claims court against the grandmother. What is the grandmother's best defense to this action? Answers:
A. The friend did not give the grandmother notice that he had accepted her offer to guarantee the loan.
B. The Statute of Frauds prevents enforcement of the grandmother's promise because of the amount of the loan.
C. The grandmother did not sign the letter containing her promise to guarantee the loan.
D. The grandmother did not receive consideration in exchange for her promise to guarantee the loan.

ansver
Answers: 1

Another question on Social Studies

question
Social Studies, 22.06.2019 06:30
Endogamy is marriage within one’s own social category. select the best answer from the choices provided true or false
Answers: 1
question
Social Studies, 22.06.2019 07:00
1of the following choices, which one best describes one way that christianity came to east africa? a. christians traveled in caravans through the sahara desert and introduced the people of mali to a new religion. b. christian traders from the mediterranean interacted with the people of axum. c. christian military from west africa traveled across the continent to bring their religion to the people of east africa. d. christian rulers from asia traveled to east africa to bring their religion to the people. 2 which trade item from outside the region did west africans need most? a. gold b. camels c. salt d. iron
Answers: 2
question
Social Studies, 22.06.2019 09:30
Plz me i need a good grade ! 10 government is a government system where all citizens that choose to vote have a say in their government? a: communist b: democratic c: autocratic d: theocracy
Answers: 2
question
Social Studies, 22.06.2019 12:30
Why did the settlement of east texas stop in the late 1710s
Answers: 1
You know the right answer?
A grandson asked to borrow $2,000 from his grandmother. She told him that she did not have the money...
Questions