Question

In: Economics

A who is a businessman asked B to lend him 20,000 USD, B said yes but...

A who is a businessman asked B to lend him 20,000 USD, B said yes but I need you to write me a Promissory Note, and A provided him with a Promissory note. When the paper was due after 6 months, B went to A and asked for the money and A said I do not owe you anything. If you were the lawyer of B, what is your advice for him to get his money back from A in the fastest way? Answer this according to the Iraqi Commercial Law.

Solutions

Expert Solution


Related Solutions

Ken Jones wants to start a small business and has asked his uncle to lend him...
Ken Jones wants to start a small business and has asked his uncle to lend him $10,000. He has prepared a business plan and some financial statements that indicate the business could be very profitable. Ken is afraid his uncle will want some ownership in the company for his investment, but Ken does not want to share what he believes will be a hugely successful company.   1. What are the ethical issues Ken must face as he prepares to present...
When 534 subjects were asked, "Do you believe in heaven?" the proportion who answered yes was...
When 534 subjects were asked, "Do you believe in heaven?" the proportion who answered yes was 0.72. The standard deviation of this point estimate is 0.02. a. Find and interpret the margin of error for a 95% confidence interval for the population proportion of people who believe in heaven. b. Construct the 95% confidence interval. Interpret it in context.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT