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A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred to as a co-signer ...
The topic, environment of application and awarding method of the exams may vary from olympiad to olympiad. Math and science competitions like the IMO, the USAMO and the IPhO fall into this category. Essay – Writing an essay (a short piece of writing) about a topic. Topics can vary and can be mandated or left to the writers’ discretion.
A personal guarantee, by contrast, is often used to refer to a promise made by an individual which is supported by, or assured through, the word of the individual. In the same way, a guarantee produces a legal effect wherein one party affirms the promise of another (usually to pay) by promising to themselves pay if default occurs.
A personal guarantee means you personally promise that a debt will be paid back. If you sign a personal guarantee on a business loan, you are responsible for paying back the money if the business ...
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Frankpledge, for example, was a system of joint suretyship prevalent in Medieval England which did not rely upon the execution of bonds. [3] The first corporate surety, the Guarantee Society of London (whose insurance business ultimately merged into Aviva), dates from 1840. [4] [5]
Civil rights guarantee equal protection under the law. When civil and political rights are not guaranteed to all as part of equal protection of laws , or when such guarantees exist on paper but are not respected in practice, opposition, legal action and even social unrest may ensue.
The University of California on Tuesday unveiled its first-ever systemwide admission guarantee for qualified transfer student applicants — but access to particular campuses is not assured.