absolute guaranty


English-Ukrainian law dictionary.

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  • absolute guaranty — An unconditional undertaking on the part of the guarantor that the debtor will pay the debt or perform the obligation. 24 Am J1st Guar § 16; Anno: 53 ALR2d 525. A contract of guaranty is absolute where one absolutely guarantees the payment of… …   Ballentine's law dictionary

  • guaranty — guar·an·ty / gar ən tē, gär / n pl ties [Old French garantie, from garantir to guarantee, from garant warrant] 1: a pledge to pay another s debt or to perform another s duty in case of the other s default or inadequate performance compare letter… …   Law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • absolute — Complete; perfect; final; without any condition or incumbrance; as an absolute bond (simplex obligatio) in distinction from a conditional bond. Unconditional; complete and perfect in itself; without relation to or dependence on other things or… …   Black's law dictionary

  • guaranty of collection — A guaranty which is not absolute but implies that the creditor will make diligent effort to enforce the collection of the obligation from the principal debtor. To be distinguished from a guaranty of payment. 24 Am J1st Guar § 17 …   Ballentine's law dictionary

  • liberty of contract — The right to make a contract and the right to terminate a contract subject only to civil liability for unwarranted termination, both of which rights are protected by the United States Constitution. 16 Am J2d Const L § 373. The right to acquire… …   Ballentine's law dictionary

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Calendar of 1996 — ▪ 1997 JANUARY JANUARY 1       King Fahd cedes power       Still experiencing the effects of a stroke suffered in November 1995, Saudi Arabia s King Fahd, who also held the post of prime minister, ceded temporary power to Crown Prince Abdullah,… …   Universalium

  • title — A mark, style, or designation; a distinctive appellation; the name by which anything is known. Thus, in the law of persons, a title is an appellation of dignity or distinction, a name denoting the social rank of the person bearing it; as duke or… …   Black's law dictionary

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