To surrender property as a result of a law, for example, the termination of a lease and surrender of the property by the tenant. … [Read more...]
SURETY BOND
A bond that is issued by a surety who guarantees performance should the obligated party fail to meet its obligations. … [Read more...]
SURRENDER OF CRIMINALS
The act by which the public authorities deliver a person accused of a crime, and who is found in their, jurisdiction, to the authorities within whose jurisdiction it is alleged the crime has been committed. Vide Extradition; Fugitives from justice. … [Read more...]
SURETY OF THE PEACE
crim. law. A security entered into before. Some competent court or officer, by a party accused, together with some other person, in the form of recognizance to the commonwealth in a certain sum of money, with, a condition that the accused shall keep the peace towards all the citizens of the commonwealth. A security for good behaviour is a similar recognizance with a condition … [Read more...]
SURETYSHIP
(A) The practice of being a surety or guarantor on an agreement. (B) contracts. An accessory agreement by which a person binds himself for another already bound, either in whole or in part, as for his debt, default or miscarriage. 2. The person undertaken for must be liable as well as the person giving the promise, for otherwise the promise would be a principal and not a … [Read more...]