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suretyship
[ shoor-i-tee-ship, shoor-tee-, shur-i-tee-, shur-tee- ]
51³Ō¹Ļ History and Origins
Origin of suretyship1
Example Sentences
Pity the unhappy, said a devout, venerable, hoary-headed man, meekly holding up a box, begirt with iron, in his withered handsāāIĀ beg for the unfortunateāgood my Lady, ātis for a prisonāfor an hospitalāātis for an old manāaĀ poor man undone by shipwreck, by suretyship, by fireāāIĀ call God and all his angels to witnessāāātis to clothe the nakedāāto feed the hungryāāātis to comfort the sick and the broken-hearted.
Frankā²ness; Frankā²-pledge, a system of mutual suretyship by which the members of a tithing were made responsible for one another; Frankā²-tenā²ement, freehold.
A revocation of the contract of suretyship by act of the parties, or in certain cases by the death of the surety, may also operate to discharge the surety.
The most prolific ground of discharge, however, is usually traceable to causes originating in the creditorās laches or conduct, the governing principle being that if the creditor violates any rights which the surety possessed when he entered into the suretyship, even though the damage be nominal only, the guarantee cannot be enforced.
But when Dan reached his new home Ewan was awayāa poor old Quaker named Christian, who had brought himself to beggary by neglecting Solomon's injunction against suretyship, was dying, and had sent for the parson.
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