Personal Guarantees and Sureties between Commercial Law and Consumers in the United StatesUnited StatesCommercial LawContract LawConflict of LawsThird PartiesGuaranteeGuarantySuretySuretyshipGuaranties and suretyships reduce the risk of default and today remain essential arrangements in many commercial and ...
there are still numerous defenses available to invalidate personal guarantees. For instance, the personal guarantee can be defective due to poor drafting. Banks and lenders usually have well-prepared forms, however many other businesses use canned or borrowed forms from the Internet for their documenta...
Personal Guarantees and Sureties between Commercial Law and Consumers in the United Statesdoi:10.5131/AJCL.2013.0028Guaranties and suretyships reduce the risk of default and today remain essential arrangements in many commercial and consumer transactions. A guarantor or surety promises to pay for the ...