________ Is an Equitable Doctrine That Permits Enforcement of Oral

question 26

Multiple Choice

________ is an equitable doctrine that permits enforcement of oral contracts that should have been in writing.

• A) Promissory estoppel
• B) Merger clause
• C) Main purpose exception
• D) Leading object exception

---

Definitions:

Financing Statement

A document filed by a creditor to indicate a security interest in the personal property of a debtor, used in securing loans.

Financing Statement

A form filed to give public notice of a secured party's interest in the debtor's collateral, facilitating the priority of claims in case of default.

Secured Interests

Interests in personal property or fixtures that secure payment or performance of an obligation, often seen in lending and financing agreements.

Take Possession

Take possession refers to the act of assuming physical control or ownership of a piece of property or asset.