| In modern times suretyship or guaranty has come to be undertaken by business corporations organized for that purpose. |
| There is no doubt that in a contract of guarantee parties may, if so minded, exclude any one or more of the normal incidents of suretyship. |
| But even then there was for her no suretyship of motherhood, or training, or control. |
| Thus, the court associated a suretyship with a letter of credit, but did not provide more detailed explanations. |
| For instance, suretyship does not restrict immediately the right of ownership of a surety over his property. |
| Attempts to perform such acts of suretyship are beyond their power, and are ultra vires. |
