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LSDefine

Simple English definitions for legal terms

guarantor

Read a random definition: federal question

A quick definition of guarantor:

A guarantor is someone who promises to pay back money if the person who borrowed it can't. For example, if someone borrows money from a bank, the bank might ask for a guarantor to sign the loan agreement too. This means that if the borrower can't pay back the money, the guarantor will have to pay it back instead. A guarantor only has to pay if the borrower can't, and this is different from a surety who has to pay as soon as they sign the agreement.

A more thorough explanation:

A guarantor is a person or entity that agrees to take on the financial responsibility of another party if that party is unable to fulfill their obligation. This means that if the original party cannot pay back a loan or fulfill a contract, the guarantor will step in and pay instead.

Let's say that John wants to borrow money from a bank to buy a car. The bank may require John to find a guarantor who will co-sign the loan agreement. John's friend, Sarah, agrees to be his guarantor. This means that if John is unable to pay back the loan, Sarah will be responsible for paying it back instead.

Another example could be a landlord requiring a guarantor for a tenant who has a poor credit history. The guarantor would agree to pay the rent if the tenant is unable to do so.

The key difference between a guarantor and a surety is that a surety's liability arises as soon as the contract is signed, while a guarantor's liability only arises when the borrower defaults on their obligation.

guaranteed signature | guaranty

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Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
triplethread
11:34
@TheAdoptedOne: amazing
I almost did one for Vanderbilt and my idea was to do a documentary-style vid where I and others talked about me like it was an ESPN 30 for 30.
1a2b3c4d26z
11:36
I was risky in maybe one or two of my essays in that some parts read as slightly humorous, but I really tried to suss out the vibe for each school. I feel like Berk and UMich may be more accommodating of a more "out there" approach than other schools I applied to
1a2b3c4d26z
11:37
but that's literally just going off vibes
it looks like Berk vid is in response to a known prompt. My thinking is it may be a counter to AI by getting people to have to respond to what is essentially an essay prompt but on video
"I think really it’s more the USNWR change that emphasizes employment outcomes in school rankings. Schools want to admit people who have the skills to be more likely to land great jobs even more than before, and being a good interviewer is a very important for that. They want to see you have the soft skills." from a reddit comment
1a2b3c4d26z
11:38
One funny thing when talking to lawyers at work is that they will always say how they wish more law schools had interviews to make sure you can like... talk to people and form sentences
getting lunch no one say anything funny or do anything cool for 15 mins
triplethread
11:43
my dick fell off
Trump dropped out of the race
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