Sam,the Owner of a Toy Store,dies Unexpectedly at the Age

question 16

Multiple Choice

Sam,the owner of a toy store,dies unexpectedly at the age of 56.His lifelong business associate,Paul,is appointed the administrator of the estate.Sam had a personal debt of $8,000 which he owed to Art's Appliance Store.Paul says to Art,"If there isn't enough money in the estate,I'll personally see that the bill is paid." Which of the following is correct?

• A) The oral statement is enforceable because Paul is the administrator.
• B) An oral statement such as this is not enforceable because it is outside the statute of frauds.
• C) An oral statement such as this is not enforceable because this promise is within the statute of frauds.
• D) The oral statement is enforceable because it is a collateral promise.

---

Definitions:

Dependence

A state in which an individual requires a particular substance or behavior to function normally and experiences physical or psychological withdrawal symptoms without it.

Tolerance

The capacity to accept or endure someone or something different from one's own beliefs, habits, or practices without interference.

Withdrawal

The act of removing oneself from a situation or substance dependence, often resulting in psychological or physiological responses due to the cessation.

Psychological Dependence

A condition characterized by the belief that one cannot function or feel well without the use of a substance.