Tom orally agrees to be liable for Zalas debt to Ace Loan Company. If Toms purpose for

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Tom orally agrees to be liable for Zala’s debt to Ace Loan Company. If Tom’s purpose for this guaranty is to obtain a personal benefit, the guaranty is

a. enforceable whether or not it is in writing.

b. enforceable only if it is in writing.

c. unenforceable if it is in writing.

d. unenforceable.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 25, 2024 05:00 AM

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Tom orally agrees to be liable for Zalas debt to Ace Loan Company. If Toms purpose for

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Business Law Text And Exercises

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