Guarantor's liability
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 51 U.S. 461 - The Louisville Manufacturing Company v. Michael Welch · 1850Most cited · 24 citing opinions
distinguished from drawer/indorser
The court refers to a class of cases both in England and in this country, drawing the distinction between the liability assumed by a guarantor, and that of the drawers or indorser of commercial papers; the former being held liable on his guaranty in the absence of any demand and notice, unless some damage or loss had been sustained by reason of the neglect; while, in order to charge the latter, strict demand and notice must be shown according to the law merchant.
How often courts cite the case defining “Guarantor's liability”
Court decisions citing the opinion that defined “Guarantor's liability” — 24 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.