What is a suretyship?

What is a suretyship? Here are some definitions.

Noun
  1. (law) An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.
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In the first case, the title of the contract referred to as suretyship, but the contract itself was riddled with contradictions.
For instance, suretyship does not restrict immediately the right of ownership of a surety over his property.
This concept of security raises a harmonization issue with the Quebec civil law concept of suretyship.
In modern times suretyship or guaranty has come to be undertaken by business corporations organized for that purpose.
Legal historians identify suretyship with situations that are quite outside the modern connotations of the term.
But even then there was for her no suretyship of motherhood, or training, or control.

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