asked 104k views
5 votes
Lou agrees to assume Mira's debt to New Sales Corporation. Lou does not get ny personal benefit for this agreement. To be enforceable the contract must be in writing if the debt is for? $500

$5,000
$50,000
$500, $5000, or $50,000

asked
User Sviklim
by
8.7k points

1 Answer

4 votes
Yes, the contract must be in writing if the debt is for $500, $5000, or $50,000.
answered
User Habib Mhamadi
by
7.8k points
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