Otella borrowed $5,000 from a bank and was behind in her payments. Later, Armand wrote to the bank that Armand would "make good" Otella's obligations if Otella did not pay. Armand's agreement is:

Question

Quizplus · Accepted Answer

Armand's promise to "make good" Otella's obligations is a promise to pay the debt of another, which typically requires consideration to be binding. Without consideration, the agreement is not enforceable.

Otella Borrowed $5,000 from a Bank and Was Behind in Her