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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 - Σελίδα 214
των Joseph Ray - 1880 - 408 σελίδες
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American law reports annotated, Τόμος 43

1926 - 1658 σελίδες

...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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