Which of the following is a primary purpose of statute of frauds?
A. It attempts to ease contractual negotiations by requiring that certain contracts be made orally.
B. It addresses the issue of illegal and fraudulent contracts.
C. It prevents parties from entering into contracts with which they do not agree.
D. It sets the maximum time within which all types of civil actions may be brought on fraudulent cases.
Paul pays a premium of $20,000 every year on a life insurance plan. The insurance company will have to pay his wife an annual pension of $30,000 on Paul's death. Thus, Paul's wife will be referred to as a _____.
A. promise
B. donee beneficiary
C. creditor beneficiary
D. promisor