Solved

The ________ States That If the Main Purpose of a Transaction

Question 43

Multiple Choice

The ________ states that if the main purpose of a transaction and an oral collateral contract is to provide pecuniary benefit to the guarantor, the collateral contract does not have to be in writing to be enforced.


A) merger clause
B) leading object exception
C) collateral contract rule
D) parol evidence rule

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions