A collateral promise is one made by a third party to assume the debts or obligations of a primary party to a contract if that party does not perform.
Correct Answer:
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Q1: The writing requirement under the Statute of
Q2: Unless a party against whom enforcement of
Q3: Under the Statute of Frauds,all contracts must
Q5: Oral evidence of the modification of a
Q7: Any collateral promise falls outside the Statute
Q8: A contract for a sale of goods
Q9: The Convention on Contracts for the International
Q10: Oral evidence of otherwise clear terms in
Q11: To be enforceable as a contract,a writing
Q13: The Statute of Frauds operates as a
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