Examlex
Which of the following is a major advantage of np-charts?
Main Purpose Doctrine
A legal principle that a promise to pay the debt of another does not need to be in writing if the guarantor's main purpose benefits themselves.
Statute of Frauds
A legal principle requiring certain contracts to be in writing and signed by the party to be charged to be enforceable.
Oral Contract
An agreement between parties that is spoken, not written, but is still legally binding.
Customized Goods
Products that are specifically made according to the specifications or requirements of a customer.
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