Ray wished to purchase a motor vehicle from Rita on credit,but Ray was unemployed,and Rita was hesitant to sell to him for that reason.Ziggy,who was quite wealthy,said to Rita: "Sell Ray the automobile on credit,and if Ray does not pay you,I will."
-The contract of guarantee is subject to the Statute of Frauds.

Question

Quizplus · Accepted Answer

The contract of guarantee, where Ziggy guarantees to pay Rita if Ray doesn't, is a contract that falls under the Statute of Frauds. The Statute of Frauds requires certain contracts, including contracts of guarantee, to be in writing to be enforceable.

Ray Wished to Purchase a Motor Vehicle from Rita on Credit,but