 | Arthur B. Clark - 1890 - 228 pages
...affected by it ? Need a secret partner notify outsiders when he retires ? LESSON XXXVL Guaranty. — This 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 first liable. It is a form of accessorial contract, and,... | |
 | North Carolina. Supreme Court - Law reports, digests, etc - 1890 - 618 pages
...of The Code, makes him " principal thereto." Judge DANIEL says: "A guaranty is a promise to answer 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... | |
 | Law reports, digests, etc - 1890 - 1130 pages
...par. 2, Code, makes him "principal thereto." Judge DANIEL says: "A guaranty is a promise to answer 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... | |
 | Law reports, digests, etc - 1892 - 1106 pages
...Nichols, 60 NY444, the court of appeals says: "A ' guaranty' is defined by elementary writers 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 in first instance is liable for such payment or performance;"... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1893 - 1030 pages
...principal without demand or notice: Bead v. Cults, 7 Me. 186; 22 Am. Deo. 184. A. guaranty U a promUe to answer for the payment of some debt, or the performance...duty, in the case of the failure of another person who ia in the Hrst instance liable: Mnthrw* v. C/irisman, 12 Smedes & M. 695; 51 Am. Dec. 124. The lurety... | |
 | Marcus Tullius Hun - Law reports, digests, etc - 1892 - 752 pages
...Nichols (60 NY, 444), the Court of Appeals says: "A guarantee is defined by elementary writers 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, in the first instance, is liable for such payment or performance."... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1897 - 1044 pages
...and the form of the guaranty was gufficient notice to the plaintiff of the fact. To "guarantee" is to 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"':... | |
 | Minnesota. Supreme Court - Law reports, digests, etc - 1898 - 606 pages
...notwithstanding the verdict, Elliott, J., plaintiff appealed. Affirmed. FA G-ilman, for appellant. A guaranty is a promise to answer for the payment of some debt or performance of «ome obligation of another party, existing or future. The guaranty here was a promise... | |
 | Benjamin Vaughan Abbott, Austin Abbott - Conveyancing - 1899 - 1126 pages
...GUARANTY is the warranty of some act or debt of another. In the commercial sense, it is an undertaking to answer for the payment of some debt or the performance of some contract by another person who is in the first instance liable to such payment or performance. It is... | |
 | James A. Lyons - Commercial law - 1901 - 262 pages
...Is it a common form of paper? GUARANTY AND SURETYSHIP. CHAPTER XXIII. 245. Definition.—A guarantee is a. promise to answer for the payment of some debt, or the performance of some duty, in .case of the failure of another who is in the first instance liable for such payment or performance.^... | |
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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. 
