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Niche Credit,Inc

Question 27

Multiple Choice

Niche Credit,Inc.,is one of Cut-Rite Notching Corporation's two major creditors.Niche guarantees Cut-Rite's debt to the firm's other major creditor,Manufacturers Capital Bank,to forestall litigation.To be enforce?able,this guarantee


A) must be in writing.
B) need not be in writing if it benefits Niche Credit.
C) need not be in writing if it benefits Cut-Rite Notching.
D) need not be in writing if it benefits Manufacturers Capital Bank.

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