Steve agrees to assume a debt of Thumb Grippers Company to Main Street Bank.The agreement is not in writing.To be enforceable,the promise must be for the benefit of
A)any party.
B)Steve.
C)Thumb Grippers.
D)Main Street.

Question

Quizplus · Accepted Answer

For the promise to be enforceable without being in writing, it must be for the benefit of the promisor, Steve, under the "main purpose" or "leading object" rule.

Steve Agrees to Assume a Debt of Thumb Grippers Company