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Source Statute of Frauds Statute of Frauds Matched to this deck.

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0 tracked cards Contracts

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 may fall outside the suretyship statute if the promisor's main purpose was to secure a personal economic advantage for itself. The promise is always within the suretyship statute because it mentions another person's debt. The promise is enforceable only if the creditor gives up all rights against the debtor. The promise is within the statute only if it involves goods worth $500 or more.

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