|German to English translations [PRO]|
Law/Patents - Law (general)
|German term or phrase: Der Bürge verzichtet auf das Recht auf Einrede der Vorausklage|
Another wording could be :
Der Bürge verzichtet auf die Einrede der Vorausklage.
MEANING : No proof of insolvancy of debtor is
required. Thus, the creditor
can directly sue the bailsman
if he does not get paid.
|Local time: 19:44|
|the surety waives ...|
the defense of failure to pursue remedies.
This is straight out of my legal dictionary. Instead of surety you can also use guarantor
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Local time: 12:44
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