Solved

Which of the Following Is a False Statement Regarding the Main-Purpose

Question 47

Multiple Choice

Which of the following is a false statement regarding the main-purpose rule as it relates to a promise to pay someone else's debt?


A) The main-purpose rule is an exception to the general rule that a promise to pay someone else's debt needs to be in writing.
B) If the main purpose for incurring a secondary obligation is to obtain a personal benefit,the promise does not need to be in writing.
C) If the main purpose for incurring a primary obligation is to obtain a personal benefit,the promise does not fall within the statute of frauds and must be in writing.
D) The main-purpose rule assumes that a party attempting to achieve a personal benefit will not back out of the agreement; thus,there is no need for a written record of the agreement.
E) The court's job is to use the context surrounding the agreement to determine the third party's main purpose for entering the agreement.

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents