Question: Old MathJax webview c) Read the following scenario then draft a suretyship Agreement. (6 Marks) (50 marks) Anna is a successful business woman. Anna enjoys

Old MathJax webview

Old MathJax webview c) Read the following

c) Read the following scenario then draft a suretyship Agreement. (6 Marks) (50 marks) Anna is a successful business woman. Anna enjoys benefits of owning a commercial enterprise by accessing loans and other benefits which come with setting up an entity. Because of the nature of Anna's business (Private company), her creditors requires that someone else stands in the gap just in case Anna fails to pay some of her creditors. Anna's best friend Patricia is a multi- millionaire and has agreed to shield her friend from all of her debts. However, one of Anna's creditors (Peach CC) has asked that this whole arrangement be put in writing. Instruction: a Assist the Parties, while setting out clearly which Party does which function by drafti Suretyship Agreement to that effect. Your contract may not exceed 3 pages. All requirements for a valid contract need to be complied with

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