Business
Business, 15.05.2020 12:57, xojade

Gerard loans Larry $40,000. Larry promises to repay Gerard in 12 months. After 12 months, Larry still has not repaid Gerard. Gerard tells Larry’s wife, Linda, that Gerard will "hold off on suing your husband to get my money back for as long as I feel like it" if Linda will agree in writing to guarantee Larry’s obligation to repay the debt. Linda signs a note promising to guarantee Larry’s debt. What is Linda’s best defense to an action by Gerard to enforce the guarantee?

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Gerard loans Larry $40,000. Larry promises to repay Gerard in 12 months. After 12 months, Larry stil...

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