True/False
If the main purpose of the promisor (surety) is to obtain an economic benefit that he did not previously enjoy, the promise is not within the statute of frauds.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Elmer agreed to act as the conditional
Q2: "Perfection" is required in order for the
Q4: Mr. Chickilini is a surety for Wayne
Q5: The most common method of perfecting a
Q6: The right of a surety who has
Q7: Gary decided to borrow from Jones Bank
Q8: Jill owns and operates a donut shop.
Q9: A defense that can only be asserted
Q10: Upon paying the principal debtor's entire obligation,
Q11: The UCC defines a debtor's "rights in