Which of the Following Is an Exception to the Suretyship

question 27

Multiple Choice

Which of the following is an exception to the suretyship provision requirement under the statute of frauds?

• A) A collateral promise made to the creditor.
• B) A promise, the leading object of which is to obtain an economic benefit for oneself.
• C) A collateral promise where there are three parties and two contracts involved.
• D) A promise by an executor to pay the debts of the decedent from the executor's own funds.

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Definitions:

File Storage

A system for saving data in a computer or on the internet, so that it can be used in the future.

ROM

Read-Only Memory, a type of storage medium that is used to store firmwares that are seldom changed during the life of the system.

RAM

Volatile memory in computing that is used to store data temporarily while a computer is running, facilitating quick access by the processor.

Libraries

Collections of resources or data in computing, used for storing files, documents, or code libraries in organized manners for easy access and management.