Chaya lived a life that was well beyond her financial means. When she died she was deeply in debt. Chaya's niece (Anya) became the administrator of her estate. Anya orally promised Shyster (one of the estate's creditors) that she would personally pay his debt if he would not publicize the fact that Chaya died in debt. When Anya was unable to pay Shyster's debt, he sued her. Will Shyster be legally able to collect from Anya?
Yes, since there was a bargained-for exchange.
No, since Anya was not Chaya’s child.
Yes, since Anya made a guaranty of payment.
No, since Anya’s promise was not in writing and signed.
Chaya lived a life that was well beyond her financial means. When she died she was...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...