Is donald trump responsible for making mortgage payments

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Reference no: EM132302385

After appearing on the reality show "The Apprentice" you were selected from the 16 contestants as the president of one of Donald Trump's new companies. Your corporation was created to build a new real estate project facing Central Park called Trump Tower 643. Within minutes of walking into your new executive office, you get a phone call that challenges your knowledge of contract law. Mr. Trump calls and during the conversation mentions to you that last year his 21-year-old daughter Ivanka wanted to buy a condominium in Naples, Florida. Donald Trump accompanied his daughter to her mortgage broker and told the broker that he would pay the condominium mortgage payments in the event Ivanka did not. Being a spoiled child, Ivanka stops making her mortgage payments last month and now the mortgage broker has called Mr. Trump regarding his guarantee of the home loan. Is Donald Trump responsible for making mortgage payments based on his oral promise?

Reference no: EM132302385

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