What Is Another Name for the Main Purpose Doctrine

question 57

Multiple Choice

What is another name for the main purpose doctrine?

• A) The collateral promise rule
• B) The possibility test
• C) The leading object rule
• D) The suretyship provision

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Definitions:

Condition Precedent

A condition precedent is a condition or event that must occur before a party is required to perform a contractual obligation or before a contract becomes effective.

Contractual Obligation

A legal duty borne out of a contract, requiring a party to act or refrain from acting in a certain way.

Uncertain Future Event

An uncertain future event is an event or occurrence that may or may not happen, impacting plans, decisions, and outcomes depending on its eventual realization or lack thereof.

Quasi-contract

A legal concept where a court enforces an obligation on parties as if a contract existed, to prevent unjust enrichment.