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Personal guarantees take one specific form: suretyship. Suretyship occurs when a third party agrees to be bound to the creditor to perform the debtor’s obligation if the debtor fails to fulfil their obligation, despite having no direct interest in the said obligation.

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Suretyship Contracts

  • 章节

  • 发表日期：

    2025年

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  • Chanisa Ngamapichon

摘要

Personal guarantees take one specific form: suretyship. Suretyship occurs when a third party agrees to be bound to the creditor to perform the debtor’s obligation if the debtor fails to fulfil their obligation, despite having no direct interest in the said obligation.