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LSDefine

Simple English definitions for legal terms

special guaranty

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A quick definition of special guaranty:

A special guaranty is a promise made by one person to pay a debt or perform a duty if another person fails to do so. It is a type of contract that is usually used in finance and banking. The guaranty is collateral, which means it is a backup plan to protect the person who is owed money. It must be in writing and is addressed to a specific person or group of people who are the only ones who can enforce it.

A more thorough explanation:

A special guaranty is a type of guarantee in which the guarantor promises to pay or perform a duty in case the primary obligor fails to do so. It is a written agreement that is collateral to the primary obligation and is addressed to a particular person or group of persons who are the only ones who can enforce it.

  • A father guarantees to pay his son's college tuition if the son is unable to do so. This is a special guaranty because it is addressed to the college and only they can enforce it.
  • A business owner guarantees to pay a supplier for goods delivered to their company. This is a special guaranty because it is addressed to the supplier and only they can enforce it.

These examples illustrate how a special guaranty is a specific type of guarantee that is addressed to a particular person or group of persons. The guarantor is promising to pay or perform a duty if the primary obligor fails to do so, and only the person or group named in the agreement can enforce it.

special grand jury | special guardian

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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