continuing guaranty
Defined in 3 dictionaries — Case Law, Cyclopedic (1922), Black's (1910)
Definitions from Case Law
From 300 U.S. 31 - United States Wilhelm v. Chain · 1937Most cited · 44 citing opinions
a continuing guaranty, if supported at the outset by a sufficient consideration, is a binding contract which is neither revocable by the guarantor nor terminable by his death, although the acts guaranteed may cover a long or indefinite period of time
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A guaranty limited as to amount but not limited as to time will in general be construed as a continuing guaranty unless the circumstances A guaranty which merely limits the amount of the guarantor's liability, without limiting the amount of credit which may be extended to the principal under the guaranty is a continuing guaranty. 145 111. 496.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
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.
Defined under Guaranty in Black's Law Dictionary.