Guarantor not liable for loan due to oral contract

An alleged guarantor is not liable for a defaulted loan, because the agreement made between the parties was oral, and not binding according to the Statute of Frauds, RSMo. 432.010.Leonard Goldammer, owner of Golden Accounting Tax and Consultant Service, discussed with his client, Douglas D. Owens, a hobby shop owner, several different investment possibilities. Among ...

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Guarantor not liable for loan due to oral contract

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