Logourl black



Also referred to as guarantee, an agreement, collateral to a principal agreement, in which the guarantor promises to satisfy an obligation of a promisor under the principal agreement in the event that such promisor fails to perform.

Related Rules [?]

The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.