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Conclusion
As demonstrated, guarantee agreements and suretyship agree-
ments are two different types of agreements which can be easily mis-
taken for one another. However, it is important to discern between the
two, and the above-stated criteria may be used to do so. However, the
criteria stated above are separately insufficient for the determination of
the nature of an agreement. Besides, each legal relationship has its
unique conditions. Therefore, each situation must be assessed on a
case-by-case basis when determining if a security relationship is a
guarantee agreement or a suretyship agreement.
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