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The Law of Suretyship and Guaranty provides a comprehensive survey and analysis of all aspects of suretyship and clearly describes the operation of the law. It also describes the common-law suretyship and guaranty principles in the recent Restatement of the Law and surveys contexts in which suretyship arises and incidents of the suretyship relationship. Particular attention is given to parties' rights and defenses that may frustrate the expectations of transactors. Coverage includes: