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:

Pollution Permits

Licenses issued by government authorities that allow holders to emit a specific amount of pollutants over a set period, intending to control and reduce environmental damage.

Supply And Demand

A fundamental economic model describing how the quantity of goods supplied by producers and the quantity demanded by consumers determine the price and quantity of goods and services in a market.

Gas Tax

A government-imposed tax on the sale of gasoline, primarily used to fund transportation infrastructure projects.

Optimal Level

The most efficient, effective, or desirable point or degree for a specific purpose or condition.