general guaranty

A guaranty which is addressed to persons generally and may be acted upon and enforced by anyone to whom it is presented, the requisite meeting of minds occurring when advantage is taken of the general guaranty by the creation of a debt thereunder. Burckhardt v Bank of America Nat. Trust & Sav. Asso. 127 Colo 251, 256 P2d 234, 41 ALR2d 1207.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • general — From Latin word genus. It relates to the whole kind, class, or order. Leuthold v. Brandjord, 100 Mont. 96, 47 P.2d 41, 45. Pertaining to or designating the genus or class, as distinguished from that which characterizes the species or individual;… …   Black's law dictionary

  • General warrant — Warrant War rant, n. [OE. warant, OF. warant a warrant, a defender, protector, F. garant, originally a p. pr. pf German origin, fr. OHG. wer[=e]n to grant, warrant, G. gew[ a]hren; akin to OFries. wera. Cf. {Guarantee}.] [1913 Webster] 1. That… …   The Collaborative International Dictionary of English

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