Ilsa and Jiffy Loan Company enter into an oral contract under which Ilsa agrees to pay Kyle's debt if he does not.Ilsa does not get any per-sonal benefit from the agreement.This contract is enforceable by
A)any party.
B)Jiffy only.
C)Jiffy or Kyle.
D)none of the parties.

Question

Quizplus · Accepted Answer

The oral contract is not enforceable because it falls under the Statute of Frauds, which requires certain contracts, including those to pay another's debt, to be in writing to be enforceable.

Ilsa and Jiffy Loan Company Enter into an Oral Contract