Voluntary Surety Law and Legal Definition
Voluntary surety means a surety who promises to act as a surety for no consideration. Under law voluntary sureties are given an advantageous treatment. All doubts and ambiguities are resolved in favor of the voluntary surety. Any alteration of the agreement between a principal obligor and obligee will release a voluntary surety. A voluntary surety is also called as accommodation surety.
Legal Definition list
- Voluntary Submittal of Critical Infrastructure Information
- Voluntary Statement
- Voluntary Sale
- Voluntary Retirement
- Voluntary Restraint of Trade
- Voluntary Surety
- Voluntary Suretyship
- Voluntary Surrender of License
- Voluntary Transfer (Bankruptcy)
- Voluntary Trichinae Certification Program [VTCP]
- Voluntary Trust
