Texas Civil Practice and Remedies Code 43.001 – Definition
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Terms Used In Texas Civil Practice and Remedies Code 43.001
- Contract: A legal written agreement that becomes binding when signed.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
In this chapter, “surety” includes:
(1) an endorser, a guarantor, and a drawer of a draft that has been accepted; and
(2) every other form of suretyship, whether created by express contract or by operation of law.