menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law
  4. Exam
    Exam 16: Third Parties
  5. Question
    First Bank Has Agreed to Loan Teresa $10,000 for Use
Solved

First Bank Has Agreed to Loan Teresa $10,000 for Use

Question 10

Question 10

True/False

First Bank has agreed to loan Teresa $10,000 for use in her cosmetics business.If Teresa sells the business to Melissa before the loan is disbursed,Teresa can assign her right to the loan to Melissa.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Wright Company contracted with the city of

Q11: If Ray agrees to rake leaves for

Q11: Amanda buys a vacuum cleaner to use

Q14: If Valley Bridge contracts with Rainbow Painters

Q15: In the Schauer v.Mandarin Gems of California,Inc.case,the

Q16: A party may make either an assignment

Q26: Claims for personal injury are generally assignable.

Q28: Most,but not all,contract rights are assignable.

Q38: Johann,a well-known musician,agrees to give ten guitar

Q41: Tyron purchased a vacant lot and entered

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines