GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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07:15 Aug 10, 2011 |
Polish to English translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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| Selected response from: Polangmar Poland Local time: 03:52 | ||||||
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4 | resumption of the guarantor's duty |
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resumption of the guarantor's duty Explanation: resumption of the guarantor's liability The guarantor's duty to pay or to perform is collateral to the duty of the primary obligor and only arises upon the obligor's failure to pay the debt. http://tinyurl.com/3dd2bx3 |
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