The leading object rule is an exception to the statute of frauds such that no writing is required where a guarantor makes a collateral promise for the main purpose of obtaining some personal economic advantage.
The leading object rule presents that oral contracts by means of 1/3 events making sure some other's debt aren't inside the Statute of Frauds if the guarantor's important motive is to gain his or her own enterprise or pecuniary hobby.
A leading item is an object that appears at the starting of a statistics expression. The IBM InfoSphere grasp statistics control Collaboration Server Collaborative version records version defines two leading items: object and category.
An approach to statutory creation wherein a selected provision is. interpreted according with the purpose of the statute. Historically, it turned into applied. Simplest wherein a literal method produced an ambiguity or inconsistency.
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