Burlington Industries, Inc., extended credit to Colonial Fabrics, Inc., for the sale to Colonial of yarn. Fowler is a major stockholder of Colonial. Burlington's credit manager contacted Fowler before allowing sales to Colonial on credit. Fowler stated verbally that he understood that Burlington was looking to him for payment. Colonial subsequently filed for bankruptcy and Burlington sued Fowler for $55,577.58. Fowler raised the Statute of Frauds in defense. Fowler raised the Statute of Frauds as a defense and hoped to "get out" of his promise based on the fact that:

Group of answer choices

he had not put it in writing.

he had no obligation nor would receive any benefit from his promise.

there was no consideration on Burlington's part.

there was no consideration of Fowler's part