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  1. #1
    Join Date
    Jul 2010
    Posts
    3

    Default Legal Definition of Guarantee

    I am looking for the legal definition of guarantee as definined by 5 different states. I know it is a promise, I am just looking to compare 5 states definitions- where can I find this?

  2. #2
    Join Date
    Mar 2009
    Location
    Key West, FL
    Posts
    2,350

    Default Re: Legal Definition of Guarantee

    Ah, you are clueless I take it.

    The legal definition is the same in each and every state. You should look in Black's Legal Dictionary or read the Uniform Commercial Code for example.

  3. #3
    Join Date
    Mar 2008
    Posts
    1,995

    Default Re: Legal Definition of Guarantee

    Quote Quoting DaynaLouise
    View Post
    I am looking for the legal definition of guarantee as definined by 5 different states. I know it is a promise, I am just looking to compare 5 states definitions- where can I find this?
    Most states except Louisiana, subscribe to the UCC, or the Uniform Commercial Code for the interpretation of contracts, so there won't be 49 separate state definitions. See link for article 3 of the UCC:

    http://www.law.cornell.edu/ucc/3/

    and go down to paragrah 3-419, the part on guarantees ( called "instrument signed for accomodation" ):

    http://www.law.cornell.edu/ucc/3/article3.htm#s3-419

    This should be the definition you are looking for, and valid in states subscribing to the UCC.

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