👉 Guaranteeing is a legal concept in which a party agrees to pay a third party or another person for something, usually an obligation. It involves a promise made by one party to do something and a condition that must be met before it can occur. In other words, guaranteeing means making a statement, either through words or deeds, that someone is responsible for performing a specific action or fulfilling a promise. This might involve paying a person money to perform a certain task or providing another person with
