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

---

Definitions:

Demand Shift

A change in the overall demand for a good or service due to factors like consumer preferences, incomes, prices of related goods, or population changes, leading to a new demand curve.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a market balance.

Substitute

A product or service that can be used in place of another to satisfy similar needs or demands.

Industry Entry

The process of a new competitor or business entering into a market or industry.