Please respond to the below questions based on Chapter 13 (Capacity and Genuine Assent), 16 (Writing, Electronic Forms, and Interpretation of Contracts), and our class discussions so far. Use full sentences and be sure to state the principles of contract law that apply to the facts in the questions.

Rita decides to open her own business. Her friend, Nichole, agreeds to lend Rita $5,000 to start the business as long as Rita's parents agree to guarantee the loan (pay it back if Rita cannot). Rita's parents tell Nichole they will guarantee the loan. Rita's business later fails and Rita is unable to pay back the loan. Can Nichole successfully sue Rita's parents for the loan? Why or why not?