Legal Liability Of Guarantors And Co-Borrowers: A Case Analysis
Determining the Enforceability of Guarantee AgreementsThe key issue is to determine if Jacks parents would be held liable for the pending loan on the basis of the position of guarantor assumed by them. In order to determine the same,. It needs to be determined if the guarantee agreement that the bank has enacted with the parents would be legally enforceable or not.
A key question which arises with regards to guarantor agreement is th…
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