Provides comprehensive survey and analysis of all aspects of suretyship and clearly describes the operation of the law. Includes examination of prevailing practices and recent case law, and details the most important contexts in which suretyship law operates. Covers the suretyship transaction, scope of suretyship, formation of suretyship contracts, commercial guaranty agreements, performance bonds issued by professional surety companies and standby letters of credit, statute of frauds, multiple secondary obligors, right and duties of secondary obligors, and suretyship defenses.
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