Kate takes her friends Allie and Irene to a restaurant. WhenKate wants to pay, she discovers that she does not have her pursewith her. Allie agrees to pay the bill, but she suspects that Katewill not repay her. Allie, therefore, asks Irene if she will bindherself as surety for Kate’s debt. Irene agrees by nodding herhead.

Which ONE of the following statementsregarding the validity of the agreement between Irene and Allieis CORRECT?

a.

The agreement is void because it is contrary to good morals.

b.

The agreement is void because formalities have not been compliedwith.

c.

A valid contract has been concluded.

d.

The agreement is void due to a lack of consensus.

Answer rating: 100% (QA)

the following statements regarding the validity of the agreement between I... View the full answer