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Learning Goal: I’m working on a business law discussion question and need an explanation and answer to help me learn.

Krista Babcock cosigned an automobile loan agreement that enabled her friend, Horne, to obtain a $5,000 loan to acquire an automobile from a third party. Horne defaulted on the loan after making a number of payments, and Babcock paid $2,000 to the lending institution to pay off the remaining balance on the loan. Babcock then brought suit against Horne to recover the $2,000.

Is she entitled to recover the $2,000? fully explain using the IRAC METHOD.1 attachmentsSlide 1 of 1

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Co-Signer Agreement (Addendum to Residenti Lente Agreement The wants tocador parte laste Agronet L’ proyed weto borrow Agresorbed above. My home por –mlaariyaa .. la… 0 … ct 041 pth the prise wher’s compliance with narci obligations of this gwenet. lucrstand that may be required to pay for man choing charges, or care in such amourns are incurred by the Los hemos Agroment, and only me themselves as to pay. Co signo tuttoragrostat Lessor will have no obligation to report to Co-signer should Looo tail abide by the tool the base agreement Tunderstand that this colores Agreement will remain in force throughout the entire term of the Lee’s anyon it their orancy is eatended andior changed in store. Lessor and Cosges are inolved in any legal proceeding arising out of this Agreement, the prevailing party halos reservable atomy toor court costs

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