The Main Purpose Doctrine Is a Court-Developed Exception to the Suretyship

question 57

True/False

The main purpose doctrine is a court-developed exception to the suretyship provision.

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Definitions:

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among the world's nations.

NAFTA

The North American Free Trade Agreement, an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

Trade Barriers

Restrictions imposed by a government on international trade, often to protect domestic industries from foreign competition.

Foreign Sovereign Immunities Act

U.S. legislation that sets the limitations as to whether a foreign sovereign nation (and its political subdivisions, agencies, or instrumentalities) may be sued in U.S. courts.