Natalie Agrees to Assume Orina's Debt to Consumer Credit Corporation

question 13

Multiple Choice

Natalie agrees to assume Orina's debt to Consumer Credit Corporation.Natalie does not get any personal benefit for the agreement.To be enforceable,the prom?ise must be in writing if the debt is for

• A)more than $500.
• B)more than $5,000.
• C)more than $50,000.
• D)any amount.

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Definitions:

Recognition

The cognitive process of identifying and acknowledging something as previously seen, heard, or known.

Information-Processing Model

A cognitive framework that likens the mind to a computer and describes how information is acquired, processed, stored, and retrieved.

Relearning

The process of learning material or skills for a second time, often more quickly than the initial learning.

Information-Processing Model

A framework used to understand how humans think, reason, and learn, likening the mind to a computer.