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Question
Bill and Cody agree to guarantee Dave's debt. Bill's maximum liability is $60,000, and Cody's is $40,000. Dave owes $40,000 and is in default. Bill pays the creditor the entire amount. In the absence of an agreement to the contrary, Bill can recover from Codya. $0.
b. $16,000.
c. $20,000.
d. $40,000.
Answer
This answer is hidden. It contains 1 characters.
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