dancing with the stars week 3

A guaranty is a which a guarantor pledges of fulfill the obligation of a debtor in case the debtor fails to do so. The guarantor’s liability is limited to that of a subsidiary, meaning he pays only if the debtor is unable to do so. And the law grants the guarantor the benefit of excussion: He cannot be compelled to pay the creditor unless the creditor has exhausted the debtor’s properties and used all legal remedies available to dun him.