Professional Clothing Services Limited manufactures and sells work wear for career women. During the period July to October, 2021, they notice that some of their inventory has disappeared. Only three persons have the authority to access the inventory from the warehouse. After interviewing two of them the owners realise who the culprit must be. They confront the front store Manager, Susan Stephens, in the presence of the police and she confesses, stating that she appropriated the goods and cash from the business, amounting to US$50,000. The owner suggests that Susan compensate the company rather than face criminal charges. Susan agrees and executes a document, promising to pay US$50,000 in favour of Professional Clothing Services Limited on November 3, 2021, indicating that her actions were not sanctioned by the Company.

It is now January 3, 2022 and Susan has not honoured her acknowledged indebtedness, to Professional Clothing Services Limited.

Please use the IRAC Method for the questions:

1) What type of document did she most likely execute?

2) With the assistance of statute/legislation and case law/court judgments, please indicate the requirements of a valid form of that document of indebtedness.

3) With the assistance of statute/legislation and case law/court judgments, please indicate whether a claim against Susan is likely to succeed or fail.