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

question 20

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.

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Definitions:

Strive

To make great efforts to achieve or obtain a specific objective.

Inferiority

A feeling of lower status or quality compared to others, often associated with low self-esteem or lack of confidence.

Human Qualities

Characteristics, traits, or attributes that are considered to be inherent to humans, including emotional, social, and cognitive abilities.

Growth

The process of increasing in physical size, psychological maturity, or progress in developmental stages.