Excerpt from A Treatise on the Law of Suretyship and Guaranty In the preparation of this edition it has been the purpose of the editor to follow out the general plan and scope of the first edition of the work which was published in 1901. Since that date there has been much litigation involving questions as to con tracts of suretyship and guaranty. Also, while these contracts were formerly assumed by individuals, such obligations are at the present time to a great extent undertaken by corporations which have been organized for the express purpose of securing, or it may be said insuring, the performance of duties and obligations by others. This new phase of the subject has been fully treated by the editor, both as regards the contract so entered into and as affected by legislative act. All cases bearing upon the general principles of the subject decided since the first edition have, it is believed, been included. Also lths notes have been greatly enlarged, both by decisions prior to 1901, which were not cited in the first editions and by appropriate illustrations of the application of gen eral rules. Another feature which is of importance at the present time is that relating to sureties for the performance of building contracts. This subject the editor has endeavored to treat fully and yet in the same concise and thorough manner which met with so favor able approval in the first edition. It is with the sincere hope that the new edition will merit the same cordial reception accorded to the first that it is respectfully submitted. H. C. J. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.