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Fitch Agrees to Assume Gandy's Debt to Hybrid Seed Corporation

Question 50

Multiple Choice

Fitch agrees to assume Gandy's debt to Hybrid Seed Corporation.Fitch does not get any personal benefit for the agreement.To be enforceable,the promise


A) must be in writ?ing.
B) must be in writ?ing only if the debt is valued at $500 or more.
C) must be in writing only if the debt will not be repaid within one year.
D) need not be in writing.

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