X wished to purchase a motor vehicle from Y on credit, but X was unemployed, and Y was hesitant to sell to him for that reason. Z, who was quite wealthy, said to Y: "Sell X the automobile on credit, and if X does not pay you, I will." Z's promise would be unenforceable, unless it was made in writing and signed by Z.

Question

Quizplus · Accepted Answer

Under the Statute of Frauds, certain types of contracts, including promises to answer for the debt of another, must be in writing and signed by the party to be charged (in this case, Z) to be enforceable.

X Wished to Purchase a Motor Vehicle from Y on Credit