If a firm was attempting to obtain a guaranty from third parties to a contract with a

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If a firm was attempting to obtain a guaranty from third parties to a contract with a company in another country, what steps might be taken?

Quality Printing is a printing broker that sells printing services to customers but subcontracts the printing work to third parties. It contacted Capital Color Printing, Inc. (CCP), about doing some work. The credit manager at CCP said that Jason Ahern and Todd Hefl in, the owners of Quality would have to execute personal guaranties before CCP would do any work. Quality sent CCP a credit application that contained a guaranty. The names “Ahern” and “Hefl in” appeared on the “Your Name” line.

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
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Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

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