Business, 12.10.2021 01:00 joyceandtrey2781

On June 1, 2013, Decker orally guaranteed the payment of a $5,000 note Decker's cousin owed Baker. Decker's agreement with Baker provided that Decker's guaranty would terminate in 18 months. On June 3, 2013, Baker wrote Decker confirming Decker's guaranty. Decker did not object to the confirmation. On August 23, 2013, Decker's cousin defaulted on the note and Baker demanded that Decker honor the guaranty. Decker refused. Which of the following statements is correct? a) Decker is liable under the oral guaranty bc Decker did not object to Baker's June 3 letter.
b) Decker is not liable under the oral guaranty bc it expired more than one year after June 1.
c) Decker is liable under the oral guaranty bc Baker demanded payment within one year of the date the guaranty was given.
d) Decker is not liable under the oral guaranty bc Decker's promise was not in writing.

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On June 1, 2013, Decker orally guaranteed the payment of a $5,000 note Decker's cousin owed Baker. D...

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