56-2-1. Suretyship defined.
46 words·~1 min read·
/sd/title-56/chapter-56-2/56-2-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Suretyship is a contract by which one who at the request of another and for the purpose of securing to him a benefit becomes responsible for the performance by the latter of some act in favor of a third person or hypothecates property as security therefor.