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Từ vựng:

joint surety

Giải nghĩa:

/joint ˈʃʊrəti/ – Phrase


Definition: người bảo lãnh chung, đồng bảo lãnh, việc cùng bảo lãnh.

A more thorough explanation: Joint surety refers to a situation where two or more individuals agree to be jointly responsible for fulfilling a legal obligation, such as repaying a debt or fulfilling a contractual obligation. Each individual is equally liable for the full amount of the obligation, and the creditor can seek payment from any or all of the joint sureties.

Example: The two business partners acted as joint sureties for the loan, agreeing to be equally responsible for repayment in case of default.

 

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