Tom's bank is threatening to repossess his car. Tom's mother notifies the bank that she promises to pay the bank if Tom defaults on the loan. This promise must be in writing or have a sufficient electronic record to be enforceable.

Question

Quizplus · Accepted Answer

This situation falls under the Statute of Frauds, which requires certain types of contracts, including promises to pay another person's debt, to be in writing or have a sufficient electronic record to be enforceable.

Tom's Bank Is Threatening to Repossess His Car