Junior owes creditor lba $1,000, which is due and payable on June 1. Junior has

Question

Junior owes creditor lba $1,000, which is due and payable on June 1. Junior has been in a car accident, has missed a great deal of work, and consequently will not have the money on June 1. Junior's father, Fred, agrees to pay lba $1,000 for Junior. Assume further that the debt can be prepaid at any time and that it is not secured by a mortgage on real estate. Does the contract have to be in writing to be enforceable? Select one: a. Yes, it falls under the guarantee contracts provision of the Statute of Frauds. b. No, the main purpose exception applies to this promise. c. Yes, it's a promise to pay someone else's (Juniors) debt if he doesn't pay. d. No, Fred is making a primary promise to pay in exchange for discharging Junior. e. A and C only

Explanation / Answer

Answer= (C) Yes, its a promise to pay someone else's (Junior) debt if he doesn't pay

Related Questions

Navigate

• Browse (All)
• Browse J
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.