Bengaluru: The high court has ruled that a surety or guarantor cannot unilaterally discharge themselves from liability at their own request. Dismissing a petition filed by a person--Muni Reddy, who ...
A recent opinion from the First Appellate District of Ohio is noteworthy for lenders for two reasons: (1) what language not to insert in a guaranty; (2) what information potentially needs to be ...
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Caught as a Loan Guarantor? Here’s How You Can Legally Remove Your Name from the Bank’s Records
If you’ve ever agreed to be a guarantor for someone’s loan, you might have unknowingly taken on a massive financial responsibility. While the intention may have been to help a friend or relative, the ...
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