Ross And Sally Agree To Guarantee Tim S Debt Ross S Maximum Liability Is 30 000

3. 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 SallyA) 8000B) 25000C) 20000D) 10000E) 0

Prof. Angela

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