Petro Oil Refinery asks Quality Bank for a loan to increase its oil inventory. Quality requires Robin, Petro's president, sign a personal guaranty to pay the debt if Petro defaults. Meanwhile, to sell fifty barrels of refined oil to Slick Lubricants, Inc, Petro asks its outside accountant Tina to co-sign a credit application. ? Refer to Fact Pattern 25-1.If Robin is a guarantor, then the
guaranty is required to be in writing because of
A) the debtor's right of redemption.
B) the co-signer's right of contribution.
C) the creditor's transfer of possession.
D) the Statute of Frauds.
D
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