Ross and sally agree to guarantee tims debt. rosss maximum, Ask an Expert

Management Studies

Ross and Sally agree to guarantee Tim's debt. Ross's maximum liability is $30,000, and Sally's is $20,000. Tim owes $20,000 and is in default. Ross pays the creditor the entire amount. In the absence of an agreement to the contrary, Ross can recover from Sally

A) 8000

B) 25000

C) 20000

D) 10000

E) 0

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M999785

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