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  3. Study Set
    Essentials of Business Law and the Legal Environment Study Set 2
  4. Exam
    Exam 37: Secured Transactions and Suretyship
  5. Question
    If the Main Purpose of the Promisor (Surety) Is to Obtain
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If the Main Purpose of the Promisor (Surety) Is to Obtain

Question 3

Question 3

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:

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