Dina asks Edie to co-sign a credit application so that she can borrow money and buy a truck from Finest Quality Motors.
-Refer to Fact Pattern 25-1.If Edie is a guarantor,then the guaranty is required to be in writing because of

Question

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The Statute of Frauds requires that any agreement to answer for the debt or obligation of another must be in writing. In this case, Edie is being asked to co-sign a credit application, which essentially means she is guaranteeing to repay the loan should Dina fail to do so. Therefore, the guaranty must be in writing to be enforceable.

Dina Asks Edie to Co-Sign a Credit Application So That