Frame v. B. M. August & Son

Citations

• 88 Ill. 424

Syllabus

<p>1. Statute oe Frauds—promise to pay the debt of another. A promise by the assignee of a note taken for collection, to pay the debt of the assignor, not in writing, and without any consideration, and without any contract between him and the assignor, is within the Statute of Frauds and not binding.</p> <p>2. To make a promise of a party to pay the debt of another binding, it must be in writing and founded upon a consideration passing from the promisee, or based upon a contract between the promisor and the original debtor.</p>