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Guarantor
GUARANTOR

Definition: (formal or law) A person who agrees to be responsible for somebody or for making sure that something happens.
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* All seven elements should be in.


1. Purposeful and necessary (connect to #2).

2. Agrees voluntarily (connect to #3).

3. Knows the implication or consequence of agreeing.

4. Meets all the conditions stipulated by law. (And has a designated and fixed, known contact address.)

5. Guarantee will lasts for all the required period. (And is not withdrawn before final closure is brought to the issue in question.)

6. Does not fail to fulfil responsibility or where thing is left undone, person does not abscond or refuse to pay the price for failure (connect to #7).

7. Person suffers no unplanned loss as a result of pledge made.
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See perfect GUARANTEE (3).

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