Question

AAA Loans, Inc., is one of Beta Business Corporation's creditors. AAA guarantees Beta's debt to City Bank to forestall litigation. To be enforceable, this guarantee must be in writing
a. to allow Beta to stay in business and pay AAA and City Bank.
b. to allow Beta to stay in business and pay AAA only.
c. to allow Beta to stay in business and pay City Bank only.
d. under no circumstances.

Answer

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