True/False
A collateral promise occurs when the person making the promise agrees to be liable for the debt of another person.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q107: Seller and Buyer negotiate for the sale
Q108: An ambiguity in a contract cannot constitute
Q109: Integration may be by an express reference
Q110: The parol evidence rule states that if
Q111: The Aristocrats,a rock band contracted in writing
Q113: A fraudulent misrepresentation made in order to
Q114: A professor tells a student that if
Q115: A mistake will never affect whether assent
Q116: The "part performance" exception to the Statute
Q117: A(n)_ contract occurs when one person agrees