A written contract that contains a collateral promise is enforceable.

Name: A written contract that contains a collateral promise is enforceable.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

A collateral promise is a promise to pay the debt of another if that person does not pay. A written contract containing a collateral promise is enforceable if the promise is made in writing and for the benefit of the creditor.

A Written Contract That Contains a Collateral Promise Is Enforceable