Rico signs a lease on behalf of Start-Up Games, Inc., with Tower Office Suites. As part of the lease, Rico signs a document titled "GUARANTY," which states that it is "an absolute guaranty" of the lease's performance.
-Refer to Fact Pattern 25-3.Generally,for a contract between Evermore and Dayna with respect to liability for Chocolate! Chocolate!'s loan to be enforceable,it must be in writing if Dayna is

Question

Quizplus · Accepted Answer

The requirement for a written contract with respect to liability for Chocolate! Chocolate!'s loan applies only if Dayna is a guarantor, as stated in the question. This means that if Dayna is a surety, lienor, or garnishee, a written contract is not necessary for the agreement to be enforceable.

Rico Signs a Lease on Behalf of Start-Up Games, Inc