Continuing Guaranty

 Continuing Guaranty of Business Indebtedness with Guarantor Having Limited Liability
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State:
Multi-State
Control #:
US-01116BG
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Available formats: Word | Rich Text

Free Preview Guaranty Limited

Description Limited Guaranty

A guaranty is an undertaking on the part of one person (the guarantor) that is collateral to an obligation of another person (the debtor or obligor), and which binds the guarantor to performance of the obligation in the event of default by the debtor or obligor. A guaranty agreement is a type of contract. Thus, questions relating to such matters as validity, interpretation, and enforceability of guaranty agreements are decided in accordance with basic principles of contract law.

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FAQ

Is the guarantor legally responsible?

What does it mean to be a guarantor on a mortgage?

Is a guarantor the same as a cosigner?

Is the business or any owner liable as guarantor or endorser?

Does a guarantor have to pay anything?

What is a limited guarantor?

What is a continuing guaranty?

What is a limited guarantee?

What are the legal responsibilities of the guarantor?

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