Asked by
Hamza Bello
on Dec 06, 2024
Verified
When a personal gain to the guarantor is involved,the primary objective test requires that promise to be in writing for the contract to be enforceable.
Primary Objective Test
A rule that states a writing is not needed for enforcement if the promise to pay another party’s debt is made to obtain a gain for the guarantor.
Guarantor
The promisor.
Enforceable
A characteristic of a legal agreement or obligation that allows it to be legally upheld or compelled in a court of law.
- Understand the circumstances under which the Statute of Frauds requires certain contracts to be in writing to be enforceable.
Verified Answer
SV
Learning Objectives
- Understand the circumstances under which the Statute of Frauds requires certain contracts to be in writing to be enforceable.