A clothing store that has opened a credit account with Judy,a college student,gets Judy's older sister Alice to agree to pay the amount owed on the account if Judy fails to do so.Which of the following statements is true for this scenario?
A) Judy is the obligor and only she is contractually liable to the clothing store.
B) Alice is the guarantor and she is primarily liable to make the payments.
C) Judy is the obligor and her promise to the clothing store is conditional.
D) Alice is the guarantor and Alice's contract must be in writing to be enforceable.
Correct Answer:
Verified
Q28: A collateral contract involves:
A)three parties and two
Q29: Identify the true statement regarding collateral contracts.
A)They
Q30: A famous publisher makes an oral deal
Q31: When a contract is partly printed and
Q32: Leroy writes a letter that said,"I agree
Q34: Under the U.N.Convention on the International Sale
Q35: Under the E-Sign Act:
A)consumer consent need to
Q36: When interpreting contracts,courts:
A)give technical words an ordinary
Q37: According to the leading object doctrine,promises of
Q38: Which of the following is a basic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents