Examlex

Solved

[Defaulted Loan] Bruce Wanted to Open His Own Restaurant, the Burger

question 10

Multiple Choice

[Defaulted Loan] Bruce wanted to open his own restaurant, The Burger Bar, and called his friend Janet for a loan. Janet orally agreed to loan Bruce $200,000. The agreement was not put into writing. Two years later, the loan was never repaid and is in default. The Burger Bar is bankrupt and Janet decides to sue Bruce in his individual capacity.
-If the reasoning of the case in the text, Athanasios Valsamis v. Néstor González-Romero is followed, what would Janet have to prove in court?


Definitions:

Political Economy

The study of how political factors influence economic systems and the distribution of wealth and resources.

Social Agency

An organization or entity that operates with the purpose of providing social services, support, or advocacy to individuals and communities in need.

Survival

The act of continuing to live or exist, often despite hardship or danger.

Shoestring Lobbyist

describes a lobbyist or advocacy effort operating with very limited financial resources, often relying on grassroots methods.

Related Questions