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GUARANTY

Categories: Contracts

Definition (1910 Edition)

GUARANTY, n. 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. Gallagher v. Nichols, 60 N. Y. 444; Andrews vy. Pope, 126'N. C. 472, 85 S. E. 817; Deming v. Bull, 10 Conn. 409; Reigart v. White, 52

the quantity or quality contemplated by the
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.