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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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Examples
For instance, suretyship does not restrict immediately the right of ownership of a surety over his property.
Thus, the court associated a suretyship with a letter of credit, but did not provide more detailed explanations.
This concept of security raises a harmonization issue with the Quebec civil law concept of suretyship.
In the first case, the title of the contract referred to as suretyship, but the contract itself was riddled with contradictions.
Attempts to perform such acts of suretyship are beyond their power, and are ultra vires.
But even then there was for her no suretyship of motherhood, or training, or control.

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