Having recently made a fortune by inventing and selling a new piece of software, Matt heard that his friend, Lois, was having a hard time obtaining a bank loan.Matt therefore generously promised the bank that he would be responsible for the debt if Lois failed to repay a loan.That promise will be enforceable against Matt if
A) he provides a notarized copy to the bank.
B) Lois repeats Matt's promise in a document that she signed.
C) he provides it to the bank in a signed document.
D) the promise is contained in a document that Lois and the bank signed.
E) either Lois or the bank provides some positive benefit to Matt personally.
Correct Answer:
Verified
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