(Answered) Delany amp sons inc owes evermore bank 50000 delany enters

Economics

Delany & Sons, Inc., owes Evermore Bank $50,000. Delany enters into a contract with Floyd under which Delany promises to manage and oversee Floyd's Seaside Marina. Under the contract, Floyd promises to pay Evermore the amount that will be due Delany until his debt to Evermore is paid. Delany performs as promised, but Floyd does not pay the bank. Can Evermore succeed in a suit against Floyd? Why or why not??

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92474688
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

The dow jones industrial average has had a mean gain of 432

The dow jones industrial average has had a mean gain of 432 per year with a standard deviation of 72. a random sample of 40 years is selected. What is the probability that the mean gain for the sample was between 200 and ...

What are the pros and cons of developing a global set of

What are the pros and cons of developing a global set of rules governing MNC (MNE) investment?

If average fixed costs are 97 and average variable costs

If Average Fixed Costs are 9.7 and Average Variable Costs are 9.6 at 3 units of output, what are Average Total Costs? i.e., what are Average Total Costs per unit at 3 units of output?

Given a business situation word problem or case study such

Given a business situation word problem or case study such as one dealing with processing time or quantity of fill, use the normal probability distribution to determine a course of action. Assume that a population is nor ...

Identify how protecting sovereign boundaries in regards to

Identify how protecting sovereign boundaries in regards to intellectual property has a positive effect on the GDP. Your answer should be in complete sentences

If all congressional representatives were elected at the

If all congressional representatives were elected at the state level rather than from particular districts, explain whether there would be more protectionism or less protectionism. Why? Explain your answer.

A lottery game has balls numbered 1 through 19 what is the

A lottery game has balls numbered 1 through 19. What is the probability of selecting an even numbered ball or a 9

In your opinion if the government imposes unit sales tax ie

In your opinion, if the government imposes unit sales tax (i.e. $ tax per unit sold) on a product, will the market equilibrium change? Which one, demand or supply will shift? Increase or decrease? Will new tax cause "dis ...

A random sample of 79 eighth grade students score on a

A random sample of 79 eighth grade students score on a national mathematics assessment test has a mean score of 263. This test result prompts a state school administrator to declare that the mean score for the states eig ...

A restaurant is considering extending their opening hours

A restaurant is considering extending their opening hours, either by extending their hours on weeknights or weekends. 85% of the customers surveyed said that they preferred extended hours on weekends. 55% of the customer ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert