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Unformatted text preview: debt will be paid if primary borrower fails to pay Exception: Main Purpose Rule an oral promise to answer for the debt of another if the guarantors purpose is to secure a personal benefit Promises made in consideration of marriage o Same rule for prenuptial agreement Under the UCC, contracts for the sale of goods priced at $500 or more Exceptions to the Statute of Frauds Partial performance Admissions Promissory estoppel Special exceptions under the UCC Sufficiency of the Writing Voluntary agreement...
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- Spring '09