Jacob has insurance with Big Insurer. Jacob has a wreck with Selena. The adjuster for Big Insurer orally agrees to pay Selena $1,000 for the damage to her car. The adjuster, however, gets in trouble with his boss for agreeing to pay too much. He tells Selena that he is backing out of the deal because the agreement is enforceable on the basis that the statute of fraud requires that a contract to pay the debt of another be in writing. Is the adjuster correct? Why or why not?