Collin Texas Specific Guaranty

State:
Multi-State
County:
Collin
Control #:
US-1340743BG
Format:
Word; 
Rich Text
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Description

A guarantee which is given for only one transaction or debt, the guarantee is known as a Specific Guarantee. A specific guarantee is said to be discharged when the debt is repaid or the promise is performed.
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FAQ

Definition of guaranty (Entry 1 of 2) 1 : an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the other's default or miscarriage. 2 : guarantee sense 3. 3 : guarantor. 4 : something given as security (see security sense 2) : pledge used our house as a guaranty for the

Guaranty is only used as a noun, where it means a promise to pay money if another party does not....For example, The bank requires a binding guaranty from a separate cosigner. A person who signs a guaranty is a guarantor. I regret signing the guaranty for your car; I should have known you would lose your job.

Definition of guaranty (Entry 1 of 2) 1 : an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the other's default or miscarriage. 2 : guarantee sense 3. 3 : guarantor. 4 : something given as security (see security sense 2) : pledge used our house as a guaranty for the

ANSWER: Guarantee, the broader and more common term, is both a verb and a noun. The narrower term, guaranty, today appears mostly in banking and other financial contexts; it seldom appears in nonlegal writing. Guarantee, vb. 1.

Definition of guaranty (Entry 1 of 2) 1 : an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the other's default or miscarriage. 2 : guarantee sense 3. 3 : guarantor. 4 : something given as security (see security sense 2) : pledge used our house as a guaranty for the

A person who acts as a guarantor under a GUARANTEE. GUARANTY, contracts. A promise made upon a good consideration, to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance.

Here, you are saying that you cannot promise that it should be on 9 o'clock. Try something like: I think by 9 o'clock, but I can't guarantee it. The implication is that you are saying: I think we should leave by 9 o'clock, but I can't guarantee that that is correct

Guarantee can refer to the agreement itself as a noun, and the act of making the agreement as a verb. Guaranty is a specific type of guarantee that is only used as a noun.

1 : a promise that something will be or will happen as stated a guarantee against defects. 2 : something given as a promise of payment : security. guarantee. verb. guaranteed; guaranteeing.

Noun, plural guar·an·ties.

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Collin Texas Specific Guaranty