Joyce's son, Al, borrowed money from Verity Finance. He lost his job last month and has not made the latest payment on the debt. When Verity's collections department telephones, Joyce answers the phone. She agrees to make the payments if Al does not because she is worried about his state of mind due to his job loss. Joyce's promise does not have to be in writing to be enforceable.

Question

Michelle Cheng · Accepted Answer

Final Answer : False, Explanation :  Under the Statute of Frauds, a promise to answer for the debt of another must be in writing to be enforceable, unless it falls under an exception, which is not indicated in this scenario.

Definitions

Learning Objectives

Learning Objectives

Related questions