Guarantee: Difference between revisions

Guarantee (view source)

28 bytes removed , 23 December 2015

no edit summary

82,891

edits

@@ Line 1: / Line 1: @@
 ==Components of a [[guarantee]]==
 There's a saying in legal circles: Little old ladies make bad law.
-In the history of the common law, more little old ladies than you'd expect have acted as [[guarantor]]s.The common law is therefore littered with well-meaning judgements applying (and, frankly, making up) idiosyncratic, counter-intuitive and at times plainly stupid rules of interpretation just to let stupid guarantors off the hook. This means it is a minefield for lawyers. But as any lawyer will tell you, in a minefield you find GOLD. So a guarantee is a place, like no other, where you need [[magic words]]. Some of those are explained below.
+In the history of the common law, more little old ladies than you'd expect seem to have given [[guarantee]]s.The common law is therefore littered with well-meaning judgments applying (and, frankly, making up) idiosyncratic, counter-intuitive and at times plainly stupid rules just to let little old lady-guarantors off the hook.
+This means it is a minefield for lawyers. You know what you find in mines: GOLD. So a guarantee is a place, like no other, where you need [[magic words]]. Some of those are explained below.
 ===[[Continuing guarantee]]===
 {{Continuing guarantee description}}  <br />