Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. _____________________________ is an exception to the statute of frauds such that no writing is required where a guarantor makes a collateral promise for the

3.

_____________________________ is an exception to the statute of frauds such that no writing is required where a guarantor makes a collateral promise for the main purpose of obtaining some personal economic advantage.

Multiple Choice

Admissions in pleadings or court

The confirmatory memorandum

Specific performance

The main purpose or leading object rule

The full performance rule

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Business Law and the Legal Environment

Authors: Richard A. Mann, Barry S. Roberts

9th edition

324303957, 324303955, 978-0324303957

More Books

Students also viewed these Law questions

Question

What are the different techniques used in decision making?

Answered: 1 week ago

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago