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:

IMC Campaign

An Integrated Marketing Communications approach that ensures all forms of communications and messages are carefully linked together to achieve marketing goals.

Field of Experience

involves the background, knowledge, perceptions, and attitudes that individuals bring to a communication situation.

Marketing Activities

Actions or tasks related to promoting and selling products or services, including advertising, content marketing, and product development.

Field of Experience

Refers to the accumulated knowledge and skills that individuals or organizations possess, usually related to a specific industry or professional area.