Memphis Tennessee Guaranty of Collection of Promissory Note

State:
Multi-State
City:
Memphis
Control #:
US-01114BG
Format:
Word; 
Rich Text
Instant download

Description

A guaranty is a contract under which one person agrees to pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fails to do so. A guaranty of the payment of a debt is different from a guaranty of the collection of the debt. A guaranty of payment is absolute while a guaranty of collection is conditional.

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Memphis Tennessee Guaranty of Collection of Promissory Note