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Is blaine bound by the guaranty

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Reference no: EM131494860

Question: 1. Berke bought a car from Apex Autos and financed the purchase with an installment loan. Apex failed to file the financing statement. Is Apex protected if Berke sells the car to someone else without paying off the installment loan?

2. Blaine agreed to act as guarantor for a loan made to her brother. The guaranty was made orally at the bank. Is Blaine bound by the guaranty?

Reference no: EM131494860

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