But the duty of the guarantor to render, even by compulsion, the promised assistance to the guaranteed depends upon many conditions and circumstances.
Thus, secondly, the guarantor must at the critical time be able to render the required assistance.
So too, when the guaranteed has not complied with previous advice given by the guarantor as to the line of its behaviour, it is not the guarantor's duty to render assistance afterwards.
Thus, first, the guaranteed must request the guarantor to render assistance.
It is impossible to state all the circumstances and conditions upon which the fulfilment of the duty of the guarantor depends, as every case must be judged upon its own merits.
The compulsion to be applied by a guarantor for that purpose depends upon the circumstances; it may eventually be war.
The guarantor was legally protected against the defaulting debtor.
Of course, the original debtor is the security that the guarantorshall not lose.
The IMF became a super-guarantor of the debts of both the public and private sectors.
When, if at all, is a guarantor entitled to notice of acceptance of his guaranty by a creditor?
When, if at all, is a guarantor entitled to notice of default of his principal?
They apply equally to a surety, a guarantor and an indorser.
The liability of a surety and guarantor is discussed in the section on Suretyship.
It is safe business policy for a creditor to give notice to a guarantor of default of payment on the part of his principal.
It has been said by some writers that a surety promises to pay the debt of another if the other does not, and a guarantor promises to pay the debt of another if the other cannot.
A promisor in suretyship may be either a surety, a guarantor or an indorser.
What kinds of notice may a guarantor be entitled to?
In other cases it may be stated as a general rule that notice should be given the guarantor of default of his principal.
A guarantor may be entitled to two kinds of notice.
King in his court that for God's sake he ought to cause the lands to be restored and they assured him and gave him God himself as their guarantor (fidejussorem) that if he did, God would greatly increase his honour upon earth.
My lord," said he to the King, "they offer you a guarantor; you should hear their guarantorspeak for himself.
The United States Navy is the surest guarantor of peace which this country possesses.
Second, to make the government the guarantor of farm prices and the underwriter of excess farm production without limit--a course which would bankrupt the strongest government in the world in a decade.
Venantius (2), by his dishonesty has caused his guarantor Ulpianus to forfeit 400 solidi, ii.
Ulpianus, guarantorfor Venantius, has lost 400 solidi by his default, ii.
This is how family fulfills the function of co- guarantor of education.
It is precisely the need to achieve efficiency, in every human endeavor, that assigns to the family the function of co-guarantor of tradition.
Another permanent cause of the increase of public expenditure is that which arises from the intervention of the State, as guarantor or promoter of costly public works.
True, no guarantor ever had to pay a dollar on his Billy Sunday campaign subscription, for the evangelist himself raises all of the expense money in the early meetings of the series.
The guarantees are underwritten in the form of shares and each guarantor receives a receipt for his shares to be preserved as a memento of the campaign.
The descent of the New Jerusalem denoteth a heavenly Law, that Law which is the guarantor of human happiness and the effulgence of the world of God.
Paul I of Russia remembered that as guarantor of the peace of Teschen, he too was deeply concerned in that integrity, and displayed uneasiness.
It was very late; and we were obliged to go to the house of the inspector, and from it to that of the guarantor outside of the city, in which we were not permitted to sleep.
A few hours later, my guarantor appeared with an armed vessel.
