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Johnny needs to buy a lawn mower. His lawn is relatively modest, so he began looking for an affordable model. His friend, Mark, also needed a lawn mower. His yard was much larger, so he went to Johnny and said “Johnny, we both need a lawn mower.
Why don’t we go shopping and get the lawn mower together.” Johnny and Mark found a suitable lawn mower for $10,000. Johnny actually talked to the salesmen. And the salesmen agreed to extend Johnny a loan to purchase the lawn mower if Mark would orally contract to stand as a surety for Johnny if the payments were not made on time.
For two months, Mark uses the lawn mower more than anyone. But then Johnny fails to make payments and the salesman sues Mark under the oral contract. What will be the likely disposition of the case?
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[Solved] Johnny needs to buy a lawn mower. His lawn is relatively modest, so he began looking for an a
Instances of the US Financial Crisis
It is beyond the level of human doubt that the whole world lives on the finance oriented and that the globe lies on the financial rock. Finance is an impression that cannot be separated and the world economy cannot work even a minute in the shaking of the financial sources (Cale and Roll, 2015). The rhythm of the American economy is on the walls of financial management and no any guess of the world political stability without finances.
The 2008 US Financial Crisis was reported as a worldwide financial constraint that begun in the US housing market spreading across the world destroying the economy of various world nations including the US. From the sources, the condition knocked the limit in 2008 with the number of prominent US-based financial institutions collapsing (Erkens, Hung, & Matos, 2012). US suffered a severe financial dislocation and led to the collaps...
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