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conventional suretyship [1 record]

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Record 1 2009-05-27

English

Subject field(s)
  • Law of Security
  • Loans
  • Private Law
CONT

Accordingly, such matters fall into the realm of conventional suretyship under Louisiana law, and the particular terms of the suretyship contract carry great significance. Unless the surety has expressly undertaken payment bond obligations contracted in the bond instrument to pay the claims of laborers, suppliers, and material men, there is no legally enforceable obligation that it do so.

French

Domaine(s)
  • Droit des sûretés
  • Prêts et emprunts
  • Droit privé
DEF

Cautionnement qui résulte de la volonté des parties.

CONT

Pendant longtemps il a été admis qu'en matière de cautionnement conventionnel, il appartenait au créancier d'apprécier la solvabilité de la caution et de l'accepter ou non comme garantie.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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