Samuel, who has been declared bankrupt, decided to rent an apartment for $800 per month, since his house is to be sold to satisfy his creditors. Assuming this is a contract for necessaries, Samuel must tell the landlord that he is a bankrupt or he cannot make the contract.

Question

Quizplus · Accepted Answer

A bankrupt is required to disclose their status to any potential creditor, including a landlord.

Samuel, Who Has Been Declared Bankrupt, Decided to Rent an Apartment