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Question
Fact Pattern 28-1Beta Software Corporation is a new company that needs to borrow money to meet its payroll. Carl, president and owner of Beta, asks First National Bank to loan Beta the funds.Refer to Fact Pattern 28-1. Carl is the only salaried employee of Beta. Generally, for a guaranty contract between First National and Carl to be enforceable, it
a. must be filed with the appropriate state office.
b. must be in writing.
c. must be "published."
d. need not be filed with a state office, be in writing, or be "published."
Answer
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Fact Pattern 41-1
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Fact Pattern 41-1
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