GUARANTOR.

irrevocable guaranty (i-rev-<<schwa>>-k<<schwa>>-b<<schwa>>l). A guaranty that cannot

be terminated unless the other parties consent. [Cases: Guaranty 24.]

limited guaranty.An agreement to answer for a debt arising from a single transaction. — Also

termed noncon-tinuing guaranty.

revocable guaranty.A guaranty that the guarantor may terminate without any other party’s

consent. [Cases: Guaranty 24.]

special guaranty. 1. A guaranty addressed to a particular person or group of persons, who are

the only ones who can enforce it. [Cases: Guaranty 29, 32.] 2. A guaranty that names a definite

person as obligee and that can be accepted only by the person named.

specific guaranty.A guaranty of a single debt or obligation.

2.GUARANTEE(1). [Blacks Law 8^th]