suretyship by operation of law

A suretyship that the law creates when a third party promises a debtor to assume and pay the debt that the debtor owes to a creditor. [Cases: Principal and Surety 14. C.J.S. Principal and Surety § 35.]
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译者Henry,毕业于世界顶级翻译学院,擅长翻译各种与企业管治相关的法律文件。
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