 | Calvin Townsend - Commercial law - 1871 - 620 pages
...interest. 4. As to costs. X. LIABILITIES OF SURETIES GENERALLY. CHAPTER VI. GUARANTY AND SURETY. § 281. A guaranty is 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, in the first instance, liable for such payment or performance.1... | |
 | English language - 1871 - 1024 pages
...паян, dnug.] The excrement of certain seafowle — used as a manure. Guarantee, (garan-t6) n. A promue to answer for the payment of some debt or the performance of some duty in сам of the failure of another person who ie primarily liable; a warranty; asecurity; — a warranter;... | |
 | United States. Department of Justice - Attorneys general's opinions - 1875 - 782 pages
...employed in connection with contracts and obligations — importing an engagement to be responsible for the payment of some debt or the performance of some duty, in case of the failure of a third party, who, in the first instance, is liable to such payment or performance.... | |
 | English language - 1874 - 988 pages
...Perurian huann, dung,] The excrement of certain seafuwls — used as a manure. Guarantee, (gar'an-tS) n. A promise to answer for the payment of some debt or the performance of aorue duty in case of the failure of another person who is primarily liable; a warranty; a security;... | |
 | Law - 1893 - 254 pages
...Gish's Estate, (Lancaster OC,) 9 Lancaster Law Review 361. Contract — Guaranty — Acceptance — A guaranty is a promise to answer for the payment of some debt or the performance of some duty in case of the failure of another person vvlso in thr first instance is liable. The plaintiff wrote to... | |
 | John Warwick Daniel - Negotiable instruments - 1886 - 990 pages
...SECTION I. DEFINITION, NATURE, AND CONSTRUCTION OF GUARANTIES. § 1752. A guaranty is defined to be 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, in the first instance, liable to such payment or performance.1... | |
 | Henry Newton Sheldon - Subrogation - 1882 - 466 pages
...general rule being that when the estates of two or more persons are subject to a common incumbrance, for the payment of some debt or the performance of some duty common to both, and one pays the whole for the benefit of all, he shall have tlie right to hold all... | |
 | James Kent - Law - 1884 - 730 pages
...on that subject, (e) 9. Of Mercantile Guarantiee. — * A guaranty, in its en- * 121 larged sense, is a promise to answer for the payment of some debt,...performance of some duty, in the case of the failure (r) Tic- vised Statutes of Missouri, 1835, 08. (rf) Statutes of Ohio, 1831. (e) See the Report of Mr.... | |
 | Law reports, digests, etc - 1887 - 956 pages
...the contract. In Johnston v. Chapman, 8 Pen. & W. 18, it was held that the legal import oí the term 'guaranty' is 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 in the first instance is liable; and that decision was folio... | |
 | Law reports, digests, etc - 1885 - 906 pages
...remarked is "guaranty," a word which, in its enlarged sense, says Chancellor Kent (Com., vol. 3, p. 12Í), is "a promise to answer for the payment of some debt,...of some duty, in the case of the failure of another party who in the first instance is liable." The duties and liabilities consequent upon such a contract... | |
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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. 
