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Continuing guaranty

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

One relating' to a future liability of the principal, under successive transactions, which either continue his liability or from time to time renew it after it has been satisfied.

Sewing Mach. Co. v. Co.urtney, 141 Cal. 674, 75 Pac. 296; Buck v. Burk, 18 N. Y. 340; Bank v. Drake (Iowa) 79 N. W. 121.