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Commercial Guaranty (1 viewing) (1) Guest
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TOPIC: Commercial Guaranty
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abigei (User)
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Commercial Guaranty 7 Months, 3 Weeks ago Karma: 0  
a business is owned by two people. One of the co-owners dies. The business had a loan secured by both owners. The bank found out that one of the co-owners dies and now wants the surviving spouse of the deceased co-owner to sign a guaranty or the bank will "call" the loan.

What can the surviving spouse of the deceased co-owner do? Is there an obligation for her to sign a guaranty on a business that she doesnt run? The surviving co-owner doesnt want to sign it.
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Commercial Guaranty
abigei 2008/04/02 15:42
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lex_advoc 2008/04/04 17:49
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abigei 2008/04/04 23:28
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melvs 2008/04/08 19:07
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