Glenn decided to borrow from Jones Bank since it promised that his loan interest rate would be systematically reduced every year when the board met. The loan rate was never reduced, but actually increased monthly. Glenn refused to pay the interest demanded and sued for rescission of the contract; thereupon, the bank attempted to collect from Lewis, a surety under the loan. Does Lewis have to pay?
A) Yes, because fraud is no defense
B) No, because a fraud perpetrated upon Glenn will be a defense
C) Yes, since the surety obligation is separate from the underlying contract
D) No, because the surety stands in the shoes of the debtor for all purposes
B
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A) Section 11(a) of the Securities Act of 1933 B) Section 10A of the Securities Exchange Act of 1934 C) Section 101 of the Uniform Securities Act D) Section 18(a) of the Securities Exchange Act of 1934
Should the media decision be made before or after the copy is first developed?
What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).