 The promise thus made was a promise " to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person who is himself, in the first instance, liable to such payment or performance.  The York Legal Record - Página 941893Vista completa - Acerca de este libro
 | William Dodge Lewis, Edgar Arthur Singer - 1919 - 876 páginas
...obligations of another. (gar'in-tl), n. [/>/. guaranties _ (-tlz)J, a legal guarantee; an undertaking to answer for the payment of some debt, or the performance of some obligation, by another; surety: vt to warrant; be responsible for. Also, guarantee. oiinrri ' ;i;'nl... | |
 | Iowa. Supreme Court - 1920 - 1588 páginas
...party. See 2 Randolph on Commercial Paper (2d Ed.), Chapter 26, Section 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: that a surety is liable... | |
 | Clinton De Witt - 1920 - 752 páginas
...valuable consideration, to be answerable for the payment of some particular debt, or future debts, or the performance of some duty, in case of the failure of another person primarily liable to pay or perform;" and it is said that such guaranty is assignable, with the obligation... | |
 | Kenneth Farwell Burgess, James A. Lyons - 1921 - 412 páginas
...A guarantor is one who agrees, in writing, that under certain conditions he may be held responsible for the payment of some debt or the performance of some duty by another. The contract of a surety is called a contract of suretyship ; the contract of a guarantor... | |
 | United States. U.S. Congress. Senate. Interstate commerce committee - 1924 - 840 páginas
...a little if the language of Webster's Dictionary for 1922 is put down: Guaranty — au undertaking to answer for the payment of some debt, or the performance of some duty of another, in case of the failure of such other to pay or perform, or, otherwise expressed, a promise... | |
 | 1923 - 1056 páginas
...in the warehouse receipt attached to plaintiff's draft. (3) That the judgment is excessive. [1,2] 1. A guaranty is a promise to answer for the payment of some debt, or the performance of some obligation, in case of the default of another person, who is in the first instance liable for such... | |
 | United States - 1927 - 612 páginas
...Ct. 425, 246 US 675, 62 L. Ed. 933. A guaranty of a national bank is ultra vires; a "guaranty" being a promise to answer for the payment of some debt, or the performance of some obligation, in case of the default of another person, who is in the first instance liable for such... | |
 | United States. Congress. Senate. Committee on the Judiciary - 1934 - 290 páginas
...Story thus defined it : " 'A guaranty is the collateral undertaking by one person to be answerable for the payment of some debt or the performance of some duty or contract for another person, who stands first bound to pay or perform.' (2 Story, Contracts 5th... | |
 | Mississippi. Supreme Court - 1849 - 810 páginas
...give notice of non-payment by the debtor. A guaranty, says chancellor Kent, in its enlarged sense, 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 in the first instance is liable. 3 Kent, 121. This... | |
 | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1975 - 1040 páginas
...existing under a letter of credit, and the secondary obligation existing when a party acts as a guarantor: A guaranty is a promise to answer for the payment of some debt, or the performance of some obligation, in case of the default of another person, who is in the first instance liable for such... | |
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