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:

Internal Revenue Service

The U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

False

Not true or correct; misrepresenting reality or facts.

Defamation

The act of damaging someone's good reputation by making false statements about them.

Negative Statements

Declarations emphasizing what is not true or what will not happen, often used in legal contexts to limit or define obligations.