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Enforcing Against a Personal Guarantor

In simple terms, a personal guarantee is a guarantee under which an individual agrees to be responsible for the financial obligations of a borrower or debtor to a lender, in the event that the borrower or debtor fails to pay an amount owing to the Lender.
 
This publication covers the concepts relevant to a contract of guarantee and the principles that surround making a demand against a personal guarantor.



 

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Related Work Areas

Financial Services