JURATORY CAUTION Meaning and
Definition
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Juratory caution refers to a legal term primarily used in Scots law to describe a specific form of caution or guarantee that can be required by a court or other legal authority. It involves a person undertaking an obligation to ensure the performance of the duties or obligations of another person, often regarding financial matters or legal proceedings.
In practical terms, juratory caution can be seen as a form of security or guarantee provided by a third party to cover potential risks or losses. This can be particularly relevant in situations where there is uncertainty about the ability of a person to fulfill their financial or legal obligations.
The person providing juratory caution, known as the juror or cautioner, assumes responsibility for the actions or non-compliance of another party, known as the debtor or granter. This means that if the debtor fails to meet their obligations, the cautioner would be liable to compensate any losses incurred by the court or creditor.
Juratory caution is typically required in certain legal processes, such as bankruptcy applications, administration of estates, or disputes regarding financial matters. It aims to provide a level of reassurance to all parties involved that the obligations will be met and that any potential risks or losses are covered.
In conclusion, juratory caution is a legal concept used in Scots law to refer to a form of guarantee or security provided by a third party to ensure the fulfillment of financial or legal obligations.
Common Misspellings for JURATORY CAUTION
- huratory caution
- nuratory caution
- muratory caution
- kuratory caution
- iuratory caution
- uuratory caution
- jyratory caution
- jhratory caution
- jjratory caution
- jiratory caution
- j8ratory caution
- j7ratory caution
- jueatory caution
- judatory caution
- jufatory caution
- jutatory caution
- ju5atory caution
- ju4atory caution
- jurztory caution
- jurstory caution
