Which of the following is a term for contracts within the statute of frauds involving promises to pay a debt of another if the initial party fails to pay?
A)Primary debts
B)Primary promises
C)Commercial promises
D)Secondary obligations
E)Third-party debts

Question

Quizplus · Accepted Answer

A)A secondary obligation occurs when a party outside a primary agreement
promises to fulfill one of the original party's primary debtor's)obligations if the original party fails to fulfill it.
B)A secondary obligation occurs when a party outside a primary agreement promises to fulfill one of the original party's primary debtor's)obligations if the original party fails to fulfill it.
C)A secondary obligation occurs when a party outside a primary agreement promises to fulfill one of the original party's primary debtor's)obligations if the original party fails to fulfill it.
D)A secondary obligation occurs when a party outside a primary agreement promises to fulfill one of the original party's primary debtor's)obligations if the original party fails to fulfill it.
E)A secondary obligation occurs when a party outside a primary agreement promises to fulfill one of the original party's primary debtor's)obligations if the original party fails to fulfill it.

Which of the Following Is a Term for Contracts Within