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.]
专业法律词汇 词条贡献者
译员蓉婧,欧洲知名商学院国际金融专业,专注翻译各种与美国证券法律有关的法律文件。
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