The specific goal of this article is to compare the legal regimes attaching to suretyship
and solidarity in order to determine whether one or the other may be helpful in understanding the relations that arise between parties to an imperfect delegation.
by which the future obligation is secured is contracted for a fixed period, it terminates on the day of maturity of the time-limit of suretyship
if the obligation did not arise before the expiration of this time-limit.
Understanding the Differences Between Insurance and Suretyship
It's a bonded job!", perhaps that is just when a little extra effort to verify corporate suretyship
could save you and your company much distress and loss by avoiding the old "new" trap of personal sureties.
(12) It also is said that in the law of suretyship
, "it is well settled that as a general rule the creditor's release of the principal ...
The last published textbook on suretyship
remained the fifth edition of The Law of Suretyship
, by Steams, published in 1951.
Absent a clear legislative directive, the court concluded that suretyship
, as historically understood in the insurance and suretyship
fields, does not constitute the business of insurance under Article 21.21.