How to use suretyship in a sentence

Looking for sentences and phrases with the word suretyship? Here are some examples.

Sentence Examples 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. However, movable hypothecs are a form of real security, while suretyship is a form of personal security. 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. 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. Guaranty and suretyship, in law, assumption of liability for the obligations of another. Legal historians identify suretyship with situations that are quite outside the modern connotations of the term. In the first case, the title of the contract referred to as suretyship, but the contract itself was riddled with contradictions. Nor does it seem that the confusion between the concepts of suretyship contracts and insurance contracts in Quebec civil law is limited to the application of this Regulation. The parties to an agreement or a contract of sale or a related suretyship contract or subordination agreement may agree on the law which is to govern their rights and obligations under this Convention, wholly or in part. The Trust and the Borrower agree to secure reimbursement of the Loan or, when applicable, the suretyship, by a movable hypothec on the property described hereunder. In the case of destruction or loss of the hypothecated property, the borrower shall obtain a replacement through a lost item suretyship and pay the costs related thereto. It is possible that the court favoured the more explicit evidence of a suretyship than that of an independent guarantee and that, given the doubts, the former prevailed. In defence of this reference, it was noted that it reflected the desire of the representatives of a number of export credit agencies to see greater certainty in the matter of choice of law clauses in suretyship contracts. His work in commercial litigation focuses mainly on disputes arising in the performance of contracts for services, distribution, suretyship and joint ventures. In modern usage the term guaranty has largely superseded suretyship. Where an elector becomes surety for a loan, the contract of suretyship shall set out the name and address of the elector and the amount for which he becomes surety. Anything received from a surety in return for the discharge of his suretyship obligation must be set against the debt and pro tanto discharges the principal debtor and the other sureties. This course is an introductory study of suretyship. Show More Sentences Every elector is guilty of an offence who grants a loan or makes a contract of suretyship knowing that by so doing, the maximum amount specified in section 447.1 will be exceeded. Examples from Classical Literature But even then there was for her no suretyship of motherhood, or training, or control. By reason of the third party to a suretyship contract, the question of consideration is sometimes confusing. Among other things this statute required contracts of suretyship to be in writing to be enforceable. At the present time, corporations are organized for the purpose of entering into suretyship obligations for profit. In the absence of special statute can a promisor to a suretyship contract compel by notice a creditor to sue a principal? This clause of the statute is discussed more at length in the chapter on suretyship. Attempts to perform such acts of suretyship are beyond their power, and are ultra vires. And when I was wived, having something to stick to, I had the horn of suretyship ever before my eyes. The general term applied to contracts to answer for the debts of another is suretyship. It may, perhaps, sound paradoxical to mention the contract of suretyship. Guarantees and indemnities are both long established forms of what the law terms suretyship. Purchase contract of suretyship or guarantee shall be submitted to the recipient before the contract is signed. The FSLC concentrates on the law of suretyship and fidelity insurance. Find more words! 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What is the adverb for suretyship? What is the adjective for suretyship? What is the noun for suretyship? Use our Sentence Generator Nearby Words surety sureties sure thing surest surer sureness surf surfable surface Surface surface-active surface area 10-letter Words Starting With s su sur sure suret surety suretys suretysh suretyshi