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In this tutorial, part three of the series on security and credit transactions, the focus is on the contract of guarantee and the contract of suretyship. The contract of guarantee involves a guarantor who agrees to fulfill the obligation of the principal debtor if they fail to do so, making it an accessory contract that relies on the existence of a principal obligation. The primary example given is a loan, where if the principal debtor does not repay, the guarantor is responsible for the debt. Additionally, the contract of guarantee can also apply to situations involving voidable or unenforceable obligations. This tutorial is for educational purposes only and not a substitute for legal advice.