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

法律翻译晓琳，国际知名商学院金融专业，专注翻译各类与金融服务与投资管理有关的法律文件。