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surety contracts

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gen. договоры поручительства (A surety contract is a legally binding agreement that the signee will accept responsibility for another individual's contractual obligations, usually the payment of a loan if the principal borrower falls behind or defaults. The person who signs this type of contract is more commonly referred to as a cosigner. consumer.findlaw.com/credit-banking-finance/what-are-surety-contracts.html Alexander Demidov)

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