微信扫一扫
实时资讯全掌握
| Camp orally guaranteed payment of a loan Camp’s cousin Wilcox had obtained from Camp’s friend Main. The loan was to be repaid in 10 monthly payments. After making six payments, Wilcox defaulted on the loan and Main demanded that Camp honor the guaranty. Regarding Camp’s liability to Main, Camp is A. Not liable under the oral guaranty because Camp’s guaranty must be in writing to be enforceable. B. Liable under the oral guaranty because the loan would be paid within one year. C. Not liable under the oral guaranty because of failure of consideration. D. Liable under the oral guaranty because Camp benefitted by maintaining a personal relationship with Main. |