Walt borrows money from the Third Bank to buy a new car

Walt borrows money from the Third Bank to buy a new car -...

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Walt borrows money from the Third Bank to buy a new car. Several months later, he sells his car to Anita, who agrees to pay the bank loan. Which statement is correct?
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Unformatted text preview: Answer Correct Answer: The bank is an intended third-party beneficiary....
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This note was uploaded on 06/17/2011 for the course BUSINESS A ACG2071 taught by Professor Danso during the Spring '09 term at Palm Beach Community College.

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