menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 1
  4. Exam
    Exam 16: Written Contracts
  5. Question
    When One Person Agrees to Pay the Debt of Another
Solved

When One Person Agrees to Pay the Debt of Another

Question 21

Question 21

Multiple Choice

When one person agrees to pay the debt of another as a favor to that debtor,it is called


A) promissory representation.
B) a mutual promise.
C) promissory estoppel.
D) a collateral promise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: Ramona,age 42,orally agreed to work for Brahma,Inc.for

Q17: J.T.Tidwell entered into an oral contract with

Q18: Raymond agrees to transfer an easement right

Q19: Contracts that cannot be performed within _

Q20: A legal right that an owner gives

Q22: Does the statement "The sale of goods

Q23: List the types of agreements that are

Q24: Tuan is president and sole shareholder of

Q25: Rest Well Hotel orally ordered 1,000 blankets

Q26: Under the merchants' exception rule of the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines