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Ch. 23 The Law of Guarantees. SECTION 1 INTRODUCTION TO GUARANTEES . A. Definition of Guarantee . 23.1.1 A guarantee is an undertaking given by a first person (the surety) to a second person (the creditor) in respect of the payment obligation of a third person (the principal debtor) towards the second person.
Herbie is a a surety b a lienor c a guarantor d a creditor ANSWER c POINTS 1 from LES 305 at Arizona State University. This is a. a mortgage. b. an artisan’s lien. c. a workout agreement. d. a suretyship arrangement. ANSWER: a POINTS:. POINTS 1 DIFFICULTY Challenging REFERENCES.
COMMISSION OF THE EUROPEAN COMMUNITIES The law of suretyship and indemnity in the United Kingdom of Great Britain and Northern Ireland and Ireland TREVOR C. HARTLEY Lecturer in Law in The London School of Economics and Political Science STUDIES Competition – Approximation of legislation Series No 28 Brussels, March 1974
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