Multiple Choice
Sully signs a contract to borrow $200,000 from Riverside Bank to buy a house. In the contract, Sully agrees to pay a certain rate of interest on the amount of borrowed funds at monthly intervals for thirty years. This debt is
A) an illusory promise.
B) liquidated.
C) past consideration.
D) unliquidated.
Correct Answer:
Verified
Correct Answer:
Verified
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