Explain how will the court decide whether griffin is entitle

Reference no: EM13122233

Q. Richard Griffin and three other men owned a grain industry called Bear house, Inc., which needed to borrow money. First National Bank was willing to loan $ 490,000 but insisted that the four men sign personal guaranties on the loan, committing themselves to repaying up to 25 percent of the loan each if Bear house defaulted. Bear house went bankrupt. The bank was able to collect some of its money from Bear house's assets but it sued Griffin for the balance. At trial, Griffin wanted to testify that before he signed his guaranty, a bank officer assured him that he would only owe 25 percent of illustrate whatever balance was unpaid, not 25 percent of the total loan. Explain how will the court decide whether Griffin is entitled to testify about the conversation?

Reference no: EM13122233

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