Delta, Inc., agrees to assume a debt of Excel Company to First State Bank. The agreement is not in writing. To be enforceable, the promise must be for the benefit of
A) any party.
B) Delta.
C) Excel.
D) First State.

Question

Quizplus · Accepted Answer

For the promise to be enforceable without being in writing, it must be for the benefit of the promisor, Delta, under the "main purpose" or "leading object" rule, which is an exception to the Statute of Frauds.