...approved in Carroll Savings Bank v. Strother, 22 SC 555, and Ruberg v. Brown, 71 S. 43. 293, 51 SE 98, is: "A promise to answer for the payment of some debt or the performance of some duty in ease of the failure of another person who is himself, in the first instance, liable to such payment...

...default or miscarriages of another person." The most usual form of such a promise is a guarantee—a promise to answer for the payment of some debt, or the performance of 1 Caton v. Caton (1867). LB 2 HL 127. 2 Lenntx v. Jiroum (18.">2), 12 CB Ml. See Jones v. Victoria...

...another in case he does not pay it. Shaw, CJ, Dolo v. Young, '¿4 L'ick. (Mass.) 2.ï2. A provision to answer for the payment of some debt, or the performance of some duty in the case of the failure of some person who, in the first instance, is liable for such payment or performance...

...of a specified character; it is something .given to a person to prevent his suffering damage, while a guaranty is a promise to answer for the payment of some debt or the performance of some duty in the case of the failure of another person who is himself in the first -instance liable for such payment...

...profits to pay them. See 31 Mich. 76, 18 Am. Rep. 156. Guarantor. The maker of a guaranty. Guaranty. A promise to answer for the payment of some debt,...some duty in case of the failure of another person, who is in the first instance liable. See 12 Smedes & M. (Miss.) 595, 51 Am. Dec. 124. Guaranty insurance....

...divorce? No. Hill vs. Hill, 125 SW. 91. GUARANTY AND SURETYSHIP 1. What is the definition of guaranty? A guaranty is a promise to answer for the payment of some debt or performance of some duty in the case of the failure of another person who is himself in the first instance...

...610, 69 NE 449. The court in La Rose v. Logansport Nat. Bank says : A concise definition of the term (guaranty) is "a promise to answer for the payment...performance of some duty, in case of the failure of some person who, in the first instance, is liable for such payment or performance." The contract of...

...a prior party. See Randolph on Commercial Paper, voL 2 (2d Ed.) c. 26, § 849, in which it is said: "A guaranty is a promise to answer for the payment...some duty in case of the failure of another person who is liable in the first instance. A guarantor differs from a surety in this, thnt a surety is liable...

...Instruments (section 1752) defines a contract of guaranty as follows: "A guaranty is defined to be a promise to answer for the payment of some debt,...some duty, In case of the failure of another person, who is In the first instance liable to such payment or performance." Parsons on Contracts (vol. 2,...

...frttof on -Hr (gar'an-tl), n. [pi. guaranties gUal-all-ty (-tlz)], a legal guarantee; an undertaking to answer for the payment of some debt, or the performance of some obligation, by another; surety: pl to warrant; be responsible for. Also, guarantee. criiarH (S^d),...