Oral assumption of the debt is enforceable

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Reference no: EM13889001

1. Julie orally agrees to assume Carlyle's debt to FunGames, Inc. Julie gets a substantial personal benefit from the agreement¾ Carlyle agrees to work for Julie's landscaping service for six months. Julie's oral assumption of the debt is enforceable by

Julie or Carlyle only.

FunGames only.

any of the parties.

no one.

2. Recycled Sales Company and Standard Purchasing Corporation enter into a contract for a sale of goods. To be enforceable, the contract should be in writing if the goods are valued at more than

$5.

$15.

$50.

$500.

3. Miranda orally promises Nicky that she will buy his fishing trawler for $20,000. If Nicky acts in reliance on this promise, under the doctrine of promissory estoppel, the transaction is enforceable by

either party.

Miranda only.

neither party.

Nicky only.

Reference no: EM13889001

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