Rick tells Dan that Sue will inherit a mansion if she pays him back an old debt.Since Sue is unable to pay the debt,Dan offers to pay it,provided that he gets the mansion from Rick.The agreement between Dan and Rick need not be in writing under the:
A)collateral contract rule.
B)parol evidence rule.
C)leading object rule.
D)part performance rule.

Question

Quizplus · Accepted Answer

Under the leading object rule,no writing is required where the guarantor makes a collateral promise for the main purpose of obtaining some personal economic advantage.When the consideration given in exchange for the collateral promise is something the guarantor seeks primarily for his own benefit,it is considered to be similar to an original contract.

Rick Tells Dan That Sue Will Inherit a Mansion If