Within the statute of frauds, the ________ is an exception as to when a secondary obligation does not need to be in writing.
A) primary-purpose rule
B) resulting-fact rule
C) main-purpose rule
D) delineated rule
E) personal-obligation standard

Question

Quizplus · Accepted Answer

The main-purpose rule (also known as the leading-object rule) is an exception within the statute of frauds that allows for a secondary obligation to not be in writing if the main purpose or leading object of the guarantor is to obtain an economic benefit for themselves.

Within the Statute of Frauds, the ________ Is an Exception