Legal Definition and Related Resources of Collateral undertaking
Meaning of Collateral undertaking
A contract based upon a pre-existing debt, or other liability, and including a promise to pay, made by a third person having immediate respect to and founded upon such debt or liability, without any new consideration moving to him. 82 111. App. 308.
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| Collateral Undertaking in the Dictionary | Collateral Undertaking in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Collateral Undertaking |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Collateral Undertaking in the World Encyclopedia of Law |
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This definition of Collateral Undertaking is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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