This section is from the book "The Law Of Contracts", by Samuel Williston. Also available from Amazon: Treatise on the Law of Contracts.
The true test of the validity of a new oral promise should be: Is the new promisor a surety?..... | 475 |
From whom the consideration must move.............................. | 476 |
A new promise which dischargee the original obligation is not within the statute.......................................................... | 477 |
Promise to debtor to assume and pay the latter's debt though enforceable by creditor is not within the statute.................... ............... | 478 |
A promise to pay the promisor's own debt to his oreditor's creditor is not within the statue.............. | 479 |
Promise to pay for the purchase of a claim is not within the statute....... | 480 |
Application of principles to building contracts.......................... | 481 |
Promises to indemnify.................. | 482 |
Promisee in part to pay the debt of another, or to pay part of the debt of another.......... | 483 |
Guaranties withdrawn from the statute by their connection with a larger contract................... | 484 |
 
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