n Without Prejudice - Misconceptions about suretyships : contract law
|Article Title||Misconceptions about suretyships : contract law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Aidan Kenny and Chanelle Williams|
|Publication Date||Aug 2014|
|Pages||22 - 23|
A suretyship can be defined as a contract whereby a person, namely the surety, undertakes to the creditor of another person, the principal debtor, that as accessory to the principal debtor's liability, the surety too will be liable for the debt. In this article we will be dealing with two aspects: the principal obligation of a suretyship and incorporation by reference in respect of a suretyship.
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