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Source Statute of Frauds Complete Contracts and UCC Article 2 List Matched to this deck.

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A landlord orally told a repair company, "If my tenant does not pay you for repairing the tenant's restaurant, I will pay the bill." The landlord made the promise because the repairs were necessary to keep the restaurant open and preserve the landlord's rent stream. The tenant did not pay.
Which statement best describes the statute of frauds issue?

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The promise is outside the statute only if the promisor receives no benefit. The promise may fall outside the suretyship statute if the promisor's main purpose was to secure a personal economic advantage for itself. The promise is within the statute only if it involves goods worth $500 or more. The promise is unenforceable unless the debtor also signs it.

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