The ________ States That If the Main Purpose of a Transaction

question 43

Multiple Choice

The ________ states that if the main purpose of a transaction and an oral collateral contract is to provide pecuniary benefit to the guarantor, the collateral contract does not have to be in writing to be enforced.

• A) merger clause
• B) leading object exception
• C) collateral contract rule
• D) parol evidence rule

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Definitions:

Herzberg's

Refers to Herzberg's Two-Factor Theory, which postulates that certain factors cause job satisfaction while others cause dissatisfaction.

Job Context

Job context describes the working environment and conditions under which a job is performed, including factors such as tasks, responsibilities, and social and physical surroundings.

Job Satisfaction

The level of contentment or happiness an employee experiences with their job, including aspects such as work environment, roles, and relationships.

Frustration-Regression

A psychological phenomenon where individuals facing obstacles or frustration regress to earlier behaviors to cope.