Guarantee: Difference between revisions
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imported>Doug Williamson (Link with Security page.) |
imported>Doug Williamson m (Punctuation.) |
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The undertaking so given. | The undertaking so given. | ||
In English law a stronger form of security would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company. | In English law, a stronger form of security would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company. | ||
Revision as of 19:11, 21 March 2015
1.
To assume the liability for debts of another in the event of the other's default.
2.
The undertaking so given.
In English law, a stronger form of security would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company.
