Suretyship

SURETYSHIP [SMITH]

In the entire absence of commerce the law laid down no rules on the subject of suretyship; but it is evident that in the time of Solomon commercial dealings had become so multiplied that suretyship in the commercial sense was common. (Proverbs 6:1; 11:15; 17:18; 20:16; 22:26; 27:13) But in older times the notion of one man becoming a surety for a service to be discharged by another was in full force. See (Genesis 44:32) The surety of course became liable for his client?s debts in case of his failure.

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