| Ohio. Supreme Court - Law reports, digests, etc - 1874 - 770 pages
...plaintiff is confined to these points, and we need not look beyond them. IQ. Was a guaranty given? (1.) " 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 himself, in the first instance, liable to such payment... | |
| Alexander Mansfield Burrill - Law - 1998 - 1126 pages
...GUARANTOR. A person who undertakes to guaranty; a warrantor; a surety. GUARANTY, Guarantee. L. Fr. & Eng. 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.... | |
| 1872 - 224 pages
...In Johnston v. Chapman, 3 Penn. Rep. 18, it was held, that the legal import of the term "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 person, who in the first instance is liable; and that decision was followed... | |
| Law reports, digests, etc - 1906 - 1284 pages
...was to be made "to the hotel company for its stockholders and bondholders." 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, who Is himself, In the first Instance, liable to such payment or performance."... | |
| Iowa. Supreme Court - Law reports, digests, etc - 1897 - 892 pages
...the form of the guaranty was sufficient notice to tlie 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."... | |
| Charles Ellewyn George - Banking law - 1921 - 380 pages
...guaranty is, in law, a collateral agreement or undertaking on the part of 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. Elliott on Contracts, sec.... | |
| 1926 - 1658 pages
...20 Cyc. p. 1397, as follows: "A 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. There can only be a contract... | |
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