Restatement of the Law (3d) of Suretyship and Guaranty

Helps you understand, interpret, and apply American common law of torts. This text focuses on application of suretyship law (concerning the assumption by one party of the liability for a debt of another) in the fields of both "traditional suretyship," including most prominently payment and performance bonds in construction contracts, and commercial law, notably financial institutions primarily involving extension of credit. Respected judges and scholars contribute to explain what the law should be. Often used and cited by the courts.