main purpose rule

main-purpose rule. Contracts. The doctrine that if a promise to guarantee another’s debt is made primarily for the promisor’s own benefit, then the statute of frauds does not apply and the promise does not have to be in writing. — Also termed main-purpose doctrine; leading-object rule. [Cases: Frauds, Statute of 23.]

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词条贡献者

资深译员Fang，毕业于美国一流的高级翻译学院，专注翻译各种与主权及机构投资有关的法律文件。