Guarantor of note
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 37 U.S. 497 - Reynolds v. Douglass · 1838Most cited · 33 citing opinions
The rule is well settled that the guarantee of a promissory note, whose name does not appear on the note, is bound without notice, where the maker of the note was insolvent at its maturity. That his liability continues, unless he can show he has sustained some prejudice by want of notice of a demand on the maker of the note, and non-payment.