A suretyship is an accessory contract by which one person undertakes liability for another's debt or financial
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A suretyship is an accessory contract by which one person undertakes liability for another's debt or financial obligations. You may have been approached by a friend to act as their surety/guarantor for a loan that they wish to take out.
In consideration of this decision you would need to understand the duties and rights that a surety would have. Explain the rights and duties of a surety?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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