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Restatement of the Law Third,

Suretyship and Guaranty

This work is a comprehensive analysis of the doctrines, principles, and policies of suretyship law. It is the Institute’s first examination of the law of suretyship in more than half a century and addresses dramatic developments in this area as modern contract theory and the policies embodied in the Uniform Commercial Code have been embraced by courts and commentators. This volume supersedes Division II of the Restatement of Security (1941), the Institute’s previous treatment of the subject.

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    Official Text
    361 pages, 1996, #5542

    This Restatement contains chapters addressing formation, enforcement, rules applicable to, and interpretation of secondary obligations. As well as rights and recourse of obligors and obliges. It was formerly called Restatement of the Law Third, Suretyship.

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