Matt just made a fortune inventing a new piece of software and has generously agreed to support his friend's application for a bank loan.Matt tells his friend he is willing to cover the debt no matter what happens.In order for this promise to be enforceable,
A) Matt's friend needs to have the promise notarized and sent to the bank by registered mail.
B) Matt's friend needs to get Matt to fax the bank.
C) Matt's friend needs to get Matt to make that same promise to the bank,and in most provinces in writing.
D) The bank needs to send Matt a letter confirming to him that they have heard a rumour that he intends to guarantee his friend's debts.
E) the bank needs do nothing.
Correct Answer:
Verified
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