Asked by Jodie Longoria on May 21, 2024
Verified
Primary obligations to pay a debt must be in writing to be enforceable.
Primary Obligations
The main or initial duties that a party is required to perform under a contract.
- Identify the requirements for contracts to be enforceable under the Statute of Frauds.
Verified Answer
FT
Faith ThrockmortonMay 27, 2024
Final Answer :
False
Explanation :
Primary obligations to pay a debt are not within the statute of frauds and,therefore,need not be in writing to be enforceable.Secondary obligations,however,are within the statute of frauds and need to be in writing.A secondary obligation arises when a party outside a primary agreement promises to fulfill one of the original party's (the primary debtor's)obligations if the original party (the primary debtor)fails to fulfill his or her obligation.
Learning Objectives
- Identify the requirements for contracts to be enforceable under the Statute of Frauds.
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