Natalie agrees to assume Orina's debt to Consumer Credit Corporation. Natalie does not get any personal benefit for the agreement. To be enforceable, the promise must be in writing if the debt is for
A. more than $500.
B. more than $5,000.
C. more than $50,000.
D. any amount.
Answer: D
You might also like to view...
In 2002, Congress passed the ________________ Act to bring reform to corporate accountability and stewardship in the wake of a number of major corporate scandals
Fill in the blank(s) with correct word
Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. Who is responsible for payment of the transportation costs on the
merchandise sold by Jay Zee Music to Park? a. Split equally between the two companies b. Jay Zee Music Company c. Park, Inc. d. Cannot be determined from the information provided
The motivation process is shaped by ______.
A. tension caused by unsatisfied needs B. tension caused by motivation processes C. unsatisfied needs from childhood D. the behavior of leaders
Which of the following is a valid objection to a discharge in bankruptcy?
A. The debtor wants an opportunity to reorganize his or her business. B. The debtor is not able to satisfactorily explain the loss in assets. C. The debtor was unaware of embezzlement by his or her financial advisors. D. The debtor has more than 12 creditors and only 7 have filed for involuntary bankruptcy.