Absence of an agreement to the contrary

Reference no: EM13146108

Carlos asked rick and perter to guarantee carlos debt to gord motors. Both Rick and Peter agree to act as sureties. The contract that all parties signed provides that ricks maximum liability is 30k and peters 20k. Carlos owes Gord Motors 20k and in default. Rick pays Gord Motors the entire amount. In the absence of an agreement to the contrary, Rick can recover from peter.

a) 8k

b) 12k

c) 20k

d) 0

Reference no: EM13146108

Questions Cloud

Aging of receivables analysis : Paloma Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis

Whats phase does the moon have to be in for : whats phase does the moon have to be in for a lunar eclipse to occur? solar eclipse.

Which variables are categorical and which are quantitative : Whether they voted for the Democratic or for the Republican candidate in the last congressional election. Which of these variables are categorical and which are quantitative?

What particular feature of individual genomic dna : What particular feature of individual genomic DNA is currently targeted for forensic profiling and testing?

Absence of an agreement to the contrary : Carlos owes Gord Motors 20k and in default. Rick pays Gord Motors the entire amount. In the absence of an agreement to the contrary, Rick can recover from peter.

How many kilojoules of energy were evolved : The total volume of hydrogen needed to fill the Hindenberg was 2.0x10^8 L at 1.00 atm and 25 C. How many kilojoules of energy were evolved when it burned?

Allowances method of accounting for uncollectible receivable : Journalize the following transactions using the allowances method of accounting for uncollectible receivables.

Find probability that the second ball drawn is white : A ball is drawn, and then it and another ball of the same color are placed back in the urn. Finally, a second ball is drawn. What is the probability that the second ball drawn is white?

Determine the products and not necessarily : Predict the products for the following set of reactants- PCl3(l) + H2O(l) ? (You are just asked to determine the products and not necessarily balance the equation)

User Account

All Pages