Asked by
maegan lapsley
on Nov 27, 2024
Verified
A promise to pay another's debt only if that party fails to pay does not need to be in writing to be enforceable.
Another's Debt
The obligation to repay money borrowed by another person or entity, often due to a legal or financial agreement.
- Classify contracts as either needing to be in writing or capable of being oral under the guidelines of the Statute of Frauds.
Verified Answer
PD
Learning Objectives
- Classify contracts as either needing to be in writing or capable of being oral under the guidelines of the Statute of Frauds.