An oral contract containing a promise by an executor to pay estate debts from estate funds is:
A) binding.
B) voidable by the executor or administrator.
C) enforceable against the executor only if the executor signs written proof of the agreement.
D) enforceable against the other contracting party only if that party signs a written agreement.

Question

Quizplus · Accepted Answer

An oral contract containing a promise by an executor to pay estate debts from estate funds is binding as long as it meets the requirements for a valid contract, including an offer, acceptance, consideration, and mutual intent to be bound. The fact that it is an oral contract does not affect its validity unless there is a requirement for a written agreement under applicable state law, which varies.

An Oral Contract Containing a Promise by an Executor to Pay