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    Exam 15: The Statute of Frauds
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    Steve Agrees to Assume a Debt of Thumb Grippers Company
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Steve Agrees to Assume a Debt of Thumb Grippers Company

Question 28

Question 28

Multiple Choice

Steve agrees to assume a debt of Thumb Grippers Company to Main Street Bank.The agreement is not in writing.To be enforceable,the promise must be for the benefit of


A) any party.
B) Steve.
C) Thumb Grippers.
D) Main Street.

Correct Answer:

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