In Bangladesh, Professor Mohamed Yunus Started the Grameen Bank Where

question 95

Essay

In Bangladesh, Professor Mohamed Yunus started the Grameen Bank where poor borrowers (mostly women) who do not have collateral are given small loans as seed money for businesses or other projects. Loans are provided to groups of five women, who receive the loans sequentially. Once the first borrower has established a repayment schedule, the second borrower receives her money and so on. How do you think an organization such as the Grameen Bank might ensure that the borrowers are indeed creditworthy? Remember that the bank does not have any information about the borrowers' creditworthiness.

Understand the scope and requirements of the statute of frauds, including which contracts are covered.

Identify the writing requirements to satisfy the statute of frauds.

Comprehend the significance of executory contracts in relation to the statute of frauds.

Grasp the rules of interpretation and enforcement of contracts, including ambiguities and signatures.

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Definitions:

1-Bromobutane

An organic compound, also known as n-butyl bromide, used in organic synthesis as an alkylating agent.

2-Bromobutane

An organic compound consisting of a butane molecule where one hydrogen atom has been substituted with a bromine atom.

Monochlorination Product

A compound resulting from the chemical process of adding one chlorine atom to an organic molecule.

Relative Reactivity

A measure of how readily a chemical species engages in a reaction under specified conditions compared to other species.