(1) By a contract of suretyship, the surety enters into obligation vis-à-vis the creditor of a third party to be responsible for discharging that third party’s obligation.
(2) Suretyship also may be assumed for a future or contingent obligation.
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Book 2 · Law of obligations › Title 20 · Suretyship › Section 765
Contractual duties typical for suretyship
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