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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. "
Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic - Page 214
by Joseph Ray - 1880 - 408 pages
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Elementary Law

William Lawrence Clark - Electronic books - 1909 - 524 pages
...the " principal." n A contract of guaranty is a 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. The person becoming so bound...
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American Law and Procedure, Volume 14

James Parker Hall, James De Witt Andrews - Law - 1910 - 434 pages
...the accused, and in proper cases return indictments or accusations against such accused. GUARANTY. 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 to such payment or performance....
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The Southeastern Reporter, Volume 69

Law reports, digests, etc - 1911 - 1162 pages
...IRON WORKS v. OLARK. (Supreme Court of South Carolina. Nov. l, 1910.) 1. GUARANTY (§ !•)— NATURE. 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 who is himself in the first instance liable to such payment or performance,...
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The Common Law of England: Being the 10th Ed. of Broom's ..., Volume 2

William Blake Odgers, Walter Blake Odgers - Common law - 1911 - 962 pages
...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...
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Bouvier's Law Dictionary and Concise Encyclopedia, Volume 2

John Bouvier - Law - 1914 - 1124 pages
...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 ; Gallagher v. Nichols,...
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United States Supreme Court Reports, Volume 60

United States. Supreme Court - Law reports, digests, etc - 1915 - 1212 pages
...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...duty in the case of the failure of another person who is himself in the first -instance liable for such payment or performance. 14 Am. & Eng. Enc. Law, 2d...
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A Law Dictionary of Words, Terms, Abbreviations and Phrases which are ...

James Arthur Ballentine - Encyclopedias and dictionaries - 1916 - 648 pages
...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, or the performance of some duty in case of the failure of another person, who is in the first instance liable. See 12 Smedes & M. (Miss.)...
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Texas Bar Examination Review: Questions and Answers

John R. Cox - Admission to the bar - 1916 - 614 pages
...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...
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Case and Comment, Volumes 24-25

Law - 1918 - 1048 pages
...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 of some debt, or the performance of some duty, in case of the failure of some person who, in the first instance, is liable for such payment or performance."...
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The Northwestern Reporter, Volume 171

Law reports, digests, etc - 1919 - 1092 pages
...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 of some debt or the performance of some duty in case of the failure of another person who is liable in the first instance. A guarantor differs from...
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