Co Surety - Law Dictionary Search Results

compelled to pay the money, or to perform any other obligation for which they all became bound; the surety who has paid the whole, being entitled to receive contribution from all the others, or from the solvent … Contribution, to any fund shall not include any sums in repayment of loan. [Income-tax Act, 1961 (43 of 1961),

Discussion

adopt the Roman Law, and under the present law of France, the rule is similar; and the obligation contracted by the surety with the creditor is, that the latter shall not proceed against him until he has

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Surety

Matched in: Term Surety

cosurety

cosurety pl: -ties : any of two or more sureties liable on the same obligation co·sure·ty·ship n … cosurety pl: -ties : any of two or more sureties liable on the same obligation co·sure·ty·ship n

bail

a prisoner's release ;also : the amount or terms of the security [excessive shall not be required "U.S. Constitution amend. VIII"] [posted cash ] [motion to reduce ] 3 : one who provides bail and is liable … bail [Anglo-French, act of handing over, delivery of a prisoner into someone's custody in exchange for security, from bailler

Guaranty, or Guarantee

Co. v. Martin, (1902) 1 KB 778. A contract of guarantee is one of con-siderable nicety, and a surety will not be held bound beyond the strict terms of his undertaking; an apparently small variation will often … should fail to perform his engagement. An offer to guarantee until it be accepted is not binding. At Common Law a guarantee need not have been in writing, but the Statute of Frauds (29 Car. 2, c.

Undertaking

2 Mad LJ (SC) 6: 15 Fac LR 411: 16 Law Rep 140. Undertaking, denotes, with reference to company law, all the assets of the company past present and future, and is a mortgageable interest being commonly … Milajkar v. Telecom Dist. Manager, (2003) 4 SCC 27 (38). 1. A promise, pledge, or engagement; 2. A bail bond, Black's Law Dictionary, 7th Edn., p. 1528.

Del credere

position, see Thomas Gabriet & Sons v. Churchill & Sim, (1914) 3 KB 1272. He is a mere surety, liable only to his principal in case the purchaser makes default; and the agreement need not be in … Scots term warrandice], an agreement by which a factor, when he sells goods on credit for an additional commission (called a del creder commission), guarantees the solvency of the purchaser and his performance of the contract. Such

Mercantile Law Amendment Act, 1856 (English)

is repealed by the Partnership Act, 1890, and reproduced by s. 18 of that Act); (5) that a surety who discharges a liability is to be entitled to an assignment of all securities held by the creditor; … shall not effect a title bona fide acquired before seizure; (2) that in an action for breach of contract to deliver goods sold, a writ for the delivery of the goods may be obtained (these two ss.

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