 | 1885 - 948 σελίδες
...promisor will answer for his default, the contract is one of guaranty. A concise definition of the term 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."... | |
 | Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - 1885 - 688 σελίδες
...promisor will answer for such default, the contract is one of guaranty. A concise definition of the term 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."... | |
 | 1906 - 1172 σελίδες
...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 >:ase of the failure of another, who is himself, in the flrst instance, liable to such payment or performance."... | |
 | John C. Bryant - 1886 - 280 σελίδες
...trust confided in the vendor by the vendee. GUARANTY. 291. A Guaranty. — A guaranty is an undertaking to answer for the payment of some debt, or the performance of some duty, in case of the failure of another liable for such payment or performance. 393. The Essentials. — The... | |
 | 1886 - 884 σελίδες
...POSSESSION, 7; PUBLIC LANDS. GUARANTY. 1. GUARANTY, DEFINITION OF. — A guaranty, in its enlarged sense, is a promise to answer for the payment of some debt, or the performance of somt duty, in the case of the failure of another person, who is in the first instance liable. MatJtewa... | |
 | 1887 - 1028 σελίδες
...v. Chapman, 3 Pen. & W. 18, it was held that the legal import of the term ' guaranty' is a prom ¡se 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... | |
 | 1887 - 890 σελίδες
...by parol evidence. Could he do so legally? A guaranty is a promise made upon a good consideration, 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:... | |
 | Joseph Fitz Randolph - 1888 - 964 σελίδες
...of Guaranty. 862. Action — Joinder of Guarantor. § 849. Guarantor not an Indorser or Surety. — 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... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1888 - 710 σελίδες
...In Johnston v. Chapman, 3 Pa. 18, it was held that the legal import of the term "guarantee" is the 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... | |
 | Arkansas. Supreme Court - 1914 - 708 σελίδες
...stated in one of the encyclopedias of law, "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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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. 
