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Question
Stella is 18 years old and wants to buy a car. Although she has a job and can make the payments, the bank is hesitant to grant a loan because she has no credit history. Her dad agrees to be part of the original loan.A.Dad's promise to pay does not have to be in writing because he is guaranteeing performance.
B.Dad's promise to pay does not have to be in writing because he is agreeing to become liable only should Stella not pay.
C.Dad's promise to pay does have to be in writing because he is collaterally guaranteeing performance.
D.Dad's promise to pay does have to be in writing because he is agreeing to become liable only should Stella not pay.
Answer
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