Question

the assumption of direct financial responsibility for a debt does not need to be in writing to be enforceable. group of answer choices false true

Answer 1

The statement that the assumption of direct financial responsibility for a debt does not need to be in writing to be enforceable, is False.

When does direct financial responsibility need to be in writing?

The financial responsibility of a debt can be taken over by someone else and in some cases, there will be no need to put this into writing for it to be enforceable.

In other cases however, the debt will need to be in writing. This case would be one such as when a person's assumes direct financial responsibility for a debt if they are doing it only if the other people might not be able to pay.

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