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Fact Pattern 28-1B

Question 31

Multiple Choice

Fact Pattern 28-1B
Chocolate! Chocolate! Corporation is a new company that needs to borrow money to meet its payroll.Dayna,president and owner of Chocolate! Chocolate!,asks Evermore Credit Union to loan the funds to Chocolate! Chocolate!
-Refer to Fact Pattern 28-1B.Generally,for a contract between Evermore and Dayna with respect to liability for Chocolate! Chocolate!'s loan to be enforceable,it must be in writing if Dayna is


A) a surety.
B) a lienor.
C) a garnishee.
D) a guarantor.

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