Yellow Book Sales & Distribution Co. v. Valle

Summary

The court held that the written contract unambiguously made Valle an individual co-obligor with primary responsibility for payment, despite his signing as the corporation's president. Because Valle assumed a primary obligation rather than a collateral promise to pay another's debt, the statute of frauds did not apply. The court therefore reversed the Appellate Court's judgment and remanded for denial of Valle's summary judgment motion and further proceedings.