Contract Series

BEFORE YOU SIGN THAT GUARANTEE CONTRACT

A guarantee contract is a tripartite agreement between a creditor (the person lending the money/Lender), the borrower and a third person known as the guarantor, wherein the guarantor gives a solemn promise that he would repay the loan or money given to the borrower by the lender when the borrower defaults in the repayment of the loan, or if the borrower is unable to pay.

By |2019-08-15T04:39:06+01:00July 29th, 2019|Business And Corporate Law, Contract Series|0 Comments