The main purpose doctrine is an exception developed by the courts to the suretyship provision.

Question

Quizplus · Accepted Answer

The main purpose doctrine is indeed an exception developed by the courts to the suretyship provision. It states that if the main purpose of a transaction is to benefit the guarantor, rather than the borrower, then the guarantor will not be considered a surety and will not be subject to the same legal requirements as a typical surety.

The Main Purpose Doctrine Is an Exception Developed by the Courts