Multiple Choice
International Business, Inc. (IBI) , agrees to assume a debt of Southern Export Company to First National Bank. This promise is for the benefit of IBI. To be enforceable, the promise must be in writing if the debt is for
A) $50.
B) $500.
C) $5,000.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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