In: Accounting
A promise by the executor or administrator of a decedent’s estate to pay a claim against the estate from the executor or administrator’s personal funds does not need to be evidenced by writing in order to be enforced.
True
False
False
A promise by executor or administrator of a decedent’s estate to pay a claim against the estate from the executor or administrator’s personal funds needs to be evidenced by writing in order to be enforced.
This is because any promise made in writing can only said to be legally binding. Verbal promises might create moral obligations that are not legally binding.
Hence the given statement is false.