Mufasa is president and sole shareholder of Lion King, Inc. Lion King, Inc. wishes to borrow money, but to do so, the bank requires Mufasa to orally agree to personally pay the debt of the corporation if Lion King, Inc. cannot. Mufasa's guarantee to repay is:
a. enforceable under the parol evidence rule.
b. unenforceable because there is no insurable interest.
c. unenforceable because of their relationship.
d. unenforceable because it is not in writing.
Ans: d. unenforceable because it is not in writing.
Business
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