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If the Main Purpose of the Promisor (Surety) Is to Obtain

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True/False

If the main purpose of the promisor (surety) is to obtain an economic benefit that he did not previously enjoy, the promise is not within the statute of frauds.


Definitions:

Federal Court of Appeal

A high-level court in certain countries that reviews decisions made by lower courts, often involving matters of national significance or federal law.

Legal and Equitable Principles

Principles based on fairness, justice, and the interpretation of laws that guide legal proceedings and resolutions.

Statute Overrides

Legal provisions or acts that supersede or alter existing laws or agreements.

Litigation Process

The series of actions and procedures involved in taking a case through the courts, including filing lawsuits, discovery, trial, and possibly appeal.

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