Asked by
RUFIN AZISA HANNA
on Nov 23, 2024
Verified
Hrushka is the executor of her father's will. She does not want to liquidate any part of his stock portfolio at this time to pay off a large debt he owed Tom, because the market is very low right now and she would get a better price later in the year. Her verbal promise to Tom that she will repay him herself is unenforceable.
Executor
A person or institution appointed by a testator to carry out the terms of their will.
Verbal Promise
An agreement or commitment made orally rather than in written form; its enforceability varies depending on the nature of the agreement and the context under law.
- Identify the validity of commitments affecting third parties that are not written, according to the Statute of Frauds.
Verified Answer
MM
Learning Objectives
- Identify the validity of commitments affecting third parties that are not written, according to the Statute of Frauds.