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Author Question: Generally, a part payment of a past-due debt is not consideration to support the creditor's promise ... (Read 36 times)

MGLQZ

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on: Jun 24, 2018
Generally, a part payment of a past-due debt is not consideration to support the creditor's promise to cancel the balance of the debt.
  Indicate whether the statement is true or false

Question 2

If the main purpose of a promise is to pay the debt of another and benefit the promisor, the statute of frauds is not applicable, and the oral promise to pay the debt is binding.
  Indicate whether the statement is true or false


Jossy

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


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