Use the Fact Situation in Q30 to Answer the Related

question 88

Multiple Choice

Use the fact situation in Q30 to answer the related question that follows. Using the fact situation above,assume that shortly after signing the guarantee,Mary leaves John so that he can no longer abuse her and decides that she really should not have to guarantee John's loan.If Mary acts quickly by bringing a lawsuit against the bank,Mary may succeed because

• A)the guarantee is unenforceable.
• B)the guarantee is void.
• C)the guarantee is voidable at both her option and the bank's option.
• D)the guarantee is voidable if Mary acts immediately to repudiate it.
• E)all of the above

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Definitions:

Manual System

A system or process that is operated or managed by human hands, without the use of automated or electronic devices.

Transmittal Document

A document that accompanies a shipment or delivery of goods, detailing the contents and instructions.

Formal Report

A structured document that presents information and analysis to assist in decision-making, often including sections such as an executive summary, methodology, findings, and conclusions.

Additional Information

Additional information refers to supplementary details or data provided to enhance understanding or clarify a subject.