| Legal historians identify suretyship with situations that are quite outside the modern connotations of the term. |
| This concept of security raises a harmonization issue with the Quebec civil law concept of suretyship. |
| However, movable hypothecs are a form of real security, while suretyship is a form of personal security. |
| Attempts to perform such acts of suretyship are beyond their power, and are ultra vires. |
| This clause of the statute is discussed more at length in the chapter on suretyship. |
| Thus, the court associated a suretyship with a letter of credit, but did not provide more detailed explanations. |
