An Overview of the Definitions of the Surety-ship in Business Agreements (8215 words, 15 pages)
Chapter 32 Debtor-Creditor Relationships . Definitions o One type of agreement to answer for the debt or default of another is called a suretyship. The obligor or third party who makes good on a debtor's obligation is called a surety. The other kind of agreement is called a guaranty, and ...
Read More