Multiple Choice
Greentree Financing Ltd. enters into an agreement to lend $25,000 to Mai for the purchase of a car. The loan is guaranteed by her father, Mao. At a minimum, what must be in writing to constitute a written agreement in accordance with the Statute of Frauds?
A) Date, parties identified, terms of agreement, signature of both parties.
B) Parties identified, terms of agreement, signature of both parties.
C) Date, parties identified, terms, signature of guarantor.
D) Parties identified, terms, signature of guarantor.
E) Date, terms, signature of both parties.
Correct Answer:
Verified
Correct Answer:
Verified
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