collateral promise

A promise to guarantee the debt of another, made primarily without benefit to the party making the promise.

• Unlike an original promise, a collateral promise must be in writing to be enforceable. See MAIN-PURPOSE RULEE. [Cases: Guaranty 1.]

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词条贡献者

译者Eugina，毕业于一所旨在培养高级翻译专业人才的翻译院校，擅长翻译涉及国防和军工领域的法律文件。