Solved

If a Guarantor's Oral Promise to Pay a Debt Is

Question 5

Multiple Choice

If a guarantor's oral promise to pay a debt is not in writing,which of the following is true?


A) The guarantor may raise the statute-of-frauds defense.
B) The guarantor may raise the UCC defense if a sale of a good is involved;otherwise,no defenses are available to the debtor.
C) There are no defenses available because there is no legal requirement that a guarantor's oral promise be in writing.
D) The guarantor may raise the consolidation defense.
E) The guarantor may raise the absence of writing defense.

Correct Answer:

verifed

Verified

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

Related Questions