Which of the following is an exception to the suretyship provision requirement under the statute of frauds?
A) A collateral promise where there are three parties and two contracts involved.
B) A promise by an executor to pay the debts of the decedent from the executor's own funds.
C) A collateral promise made to the creditor.
D) A promise, the leading object of which is to obtain an economic benefit for oneself.

Question

Quizplus · Accepted Answer

The "main purpose" or "leading object" rule is an exception to the suretyship provision under the statute of frauds. If the main purpose of the promise is to benefit the promisor economically, it does not need to be in writing.

Which of the Following Is an Exception to the Suretyship