As demonstrated in Dynegy,Inc.v.Yates,the case in the text,when a contract is determined to be collateral:
A)the principal debtor must pay the guarantor directly.
B)the guarantor must pay,even if the principal debtor is able to do so.
C)it will be unenforceable unless it is evidenced by a writing.
D)proof of an oral agreement is sufficient to prove a contract existed.

Question

Quizplus · Accepted Answer

When a contract is determined to be collateral,it will be unenforceable unless it is evidenced by a writing.

As Demonstrated in Dynegy,Inc