Ethel's Exercise World Weight Machines Order Agreement
Which promise in this scenario must be in writing to be enforceable?
a. The promise made by Ethel's Exercise World to buy the weight machines.
b. Moneybag's promise to pay if Ethel's Exercise World doesn't.
c. None of the promises in this scenario need to be in writing.
d. Both Moneybag's promise and Ethel's Exercise World's promise.
Final answer:
The promise made by Moneybags, the wealthy independent businesswoman, to pay Pete's if Ethel's Exercise World does not is the only promise that must be in writing to be enforceable.
Explanation:
In this situation, the promise made by Moneybags, the wealthy independent businesswoman, to pay Pete's if Ethel's Exercise World does not is the only promise that must be in writing to be enforceable.
According to the Statute of Frauds, which is a law that requires certain contracts to be in writing, a promise to pay someone else's debt, known as a guaranty or suretyship, must be in writing to be enforceable.
Therefore, the correct answer is b. Moneybag's promise to pay if Ethel's Exercise World doesn't.