 | 1919 - 828 σελίδες
...Instruments (section 1752) defines a contract of guaranty as follows: "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."... | |
 | William Dodge Lewis, Edgar Arthur Singer - 1919 - 876 σελίδες
...obligations of another. (gar'in-tl), n. [/>/. guaranties _ (-tlz)J, a legal guarantee; an undertaking to answer for the payment of some debt, or the performance of some obligation, by another; surety: vt to warrant; be responsible for. Also, guarantee. oiinrri ' ;i;'nl... | |
 | William Dodge Lewis, Edgar Arthur Singer - 1919 - 616 σελίδες
...frttof on -Hr (gar'an-tl), n. [pi. guaranties gUal-all-ty (-tlz)], a legal guarantee; an undertaking to answer for the payment of some debt, or the performance of some obligation, by another; surety: pl to warrant; be responsible for. Also, guarantee. criiarH (S^d),... | |
 | Iowa. Supreme Court - 1920 - 1588 σελίδες
...party. See 2 Randolph on Commercial Paper (2d Ed.), Chapter 26, Section 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... | |
 | Kenneth Farwell Burgess, James A. Lyons - 1921 - 412 σελίδες
...A guarantor is one who agrees, in writing, that under certain conditions he may be held responsible for the payment of some debt or the performance of some duty by another. The contract of a surety is called a contract of suretyship ; the contract of a guarantor... | |
 | United States. U.S. Congress. Senate. Interstate commerce committee - 1924 - 840 σελίδες
...a little if the language of Webster's Dictionary for 1922 is put down: Guaranty — au undertaking to answer for the payment of some debt, or the performance of some duty of another, in case of the failure of such other to pay or perform, or, otherwise expressed, a promise... | |
 | 1923 - 1056 σελίδες
...in the warehouse receipt attached to plaintiff's draft. (3) That the judgment is excessive. [1,2] 1. A guaranty is a promise to answer for the payment of some debt, or the performance of some obligation, in case of the default of another person, who is in the first instance liable for such... | |
 | United States - 1927 - 612 σελίδες
...Ct. 425, 246 US 675, 62 L. Ed. 933. A guaranty of a national bank is ultra vires; a "guaranty" being a promise to answer for the payment of some debt, or the performance of some obligation, in case of the default of another person, who is in the first instance liable for such... | |
 | United States. Congress. Senate. Committee on the Judiciary - 1934 - 290 σελίδες
...Story thus defined it : " 'A guaranty is the 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.' (2 Story, Contracts 5th... | |
 | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1975 - 1040 σελίδες
...existing under a letter of credit, and the secondary obligation existing when a party acts as a guarantor: A guaranty is a promise to answer for the payment of some debt, or the performance of some obligation, in case of the default of another person, who is in the first instance liable for such... | |
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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. 
