What is continuing guarantee?
Answers
Answered by
0
Answer:
A continuing guaranty is an agreement by the guarantor to be liable for the obligations of someone else to the lender, even if there are several different obligations that are made, renewed or repaid over time. In contrast, a specific guaranty is limited only to one individual transaction.
Answered by
0
Hey
Hope you are doing well
Here is your answer
A continuing guaranty is an agreement by the guarantor to be liable for the obligations of someone else to the lender, even if there are several different obligations that are made, renewed or repaid over time. In contrast, a specific guaranty is limited only to one individual transaction
Hope it helped you
Pls mark me brainlist
Keep smiling
Happy learning
Hope you are doing well
Here is your answer
A continuing guaranty is an agreement by the guarantor to be liable for the obligations of someone else to the lender, even if there are several different obligations that are made, renewed or repaid over time. In contrast, a specific guaranty is limited only to one individual transaction
Hope it helped you
Pls mark me brainlist
Keep smiling
Happy learning
Similar questions