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In A Dictionary of English Law by (London: Sweet and Maxwell, 1923) page, 856, author W. Y. Byrne gives this illustration: "If A owes B money and C, for good consideration, promises B that he will pay him the money if A does not, here C is a surety for A, the principal debtor, and his promise constitutes a contract of suretyship." (duhaime.org)

Those interested in bonds are advised to access the judgement of Sir William Blackburne (sitting as a judge of the high court) in the case of Vossloh Aktiengesellschaft and Alpha Trains (UK) Ltd [2010] EWHC 2443 (Ch). This case judgement is dated 5th October 2010. At para 21 it states:

‘A contract of suretyship is in essence a contact by which one person, the surety, agrees to answer for some existing or future liability of another, the principal (or principal debtor), to a third party, the creditor, and by which the surety’s liability is in addition to, and not in substitution for, the liability of the principal.’ (brianfarrington.co.uk)

Those interested in bonds are advised to access the judgement of Sir William Blackburne (sitting as a judge of the high court) in the case of Vossloh Aktiengesellschaft and Alpha Trains (UK) Ltd [2010] EWHC 2443 (Ch). This case judgement is dated 5th October 2010. At para 21 it states:

‘A contract of suretyship is in essence a contact by which one person, the surety, agrees to answer for some existing or future liability of another, the principal (or principal debtor), to a third party, the creditor, and by which the surety’s liability is in addition to, and not in substitution for, the liability of the principal.’ (brianfarrington.co.uk)