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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 ...
Texas v. White, 74 U.S. (7 Wall.) 700 (1869), was a case argued before the Supreme Court of the U.S. in 1869. [1] The case's notable political dispute involved a claim by the Reconstruction era government of Texas that U.S. bonds owned by Texas since 1850 had been illegally sold by the Confederate state legislature during the American Civil War.
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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 ...
The Guarantee Clause mandates that all U.S. states must be grounded in republican principles such as the consent of the governed. [17] By ensuring that all states must have the same basic republican philosophy, the Guarantee Clause is one of several portions of the Constitution which mandates symmetric federalism between the states.
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