A bank is a major creditor of Bonwill Dept. Store. After a major loss in profits due to poor holiday sales, A bank decides to help keep Bonwill from bankruptcy by orally promising Mary Tudor, a supplier to Bonwill, that it will guarantee Bonwell's payment for goods that Mary sells to Bonwill. most likely, A bank's oral agreement:
A. is unenforceable under the Statute of Frauds
B. is unenforceable because it is a clooateral contract.
C. is enforceable under the "main purpose" exception to thte statute
D. is enforceable because a collateral contract is not covered by the SOF.
A. is unenforceable under the Statute of Frauds
B. is unenforceable because it is a clooateral contract.
C. is enforceable under the "main purpose" exception to thte statute
D. is enforceable because a collateral contract is not covered by the SOF.