Tag: Contract Law
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Surety
Definition of Surety A person who binds himself usually by deed to satisfy the obligation of another person, if the latter fails to do so: a guarantor. If a surety satisfies the obligation for which he has made himself liable, he is entitled to recover the amount from the principal debtor. […]
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Birkmyr v. Darnell
Definition of Birkmyr V. Darnell ((1704), 1 Salkeld, 27). The defendant promised the plaintiff that in consideration of the plaintiff lending a horse to one, English, he, the defendant, would undertake that English would re-deliver the horse. It was held this was a guarantee within the […]