Which of the following is a collateral promise?
A) A mother tells a merchant to extend $1,000 worth of credit to her son and says, "If he doesn't pay, I will."
B) Andrew promises Donald that if Donald cannot pay his bills, Andrew will.
C) A father tells a merchant to deliver a computer to his daughter and says, "Send me the bill. I'll pay for it."
D) All of these are collateral promises.
Correct Answer:
Verified
Q47: Chris receives a printed form in the
Q48: The UCC Article 2 statute of frauds
Q49: June, executrix of Calvin's estate, promised Mr.
Q50: Where a contractual term has more than
Q51: Which of the following promises does not
Q53: The statute of frauds requires all contracts
Q54: The parol evidence rule is:
A) another term
Q55: Under the UCC, a(n) _ is a
Q56: Which of the following would NOT require
Q57: The suretyship provision has been interpreted to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents