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    Business Law and the Regulation of Business Study Set 2
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    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 20

Question 20

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.

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