In Putnam, (11) for example, the Supreme Court stated that, under the theory of subrogation, payments made by a guarantor
did not create a new debt, but instead preserved the old debt, with the guarantor
substituted for the creditor.
Normally a loan guarantee would not cause a guarantor
to fall into this category because the guarantor
would be entitled to reimbursement for any payments made.
of a lease usually undertakes to ensure that the tenant pays the rent and other sums due to the landlord and complies with all the terms of the lease.
The loophole lies in Article 17 of the law on moneylenders, which only obliges such lenders to notify a guarantor
of the amount and interest rate of the initial loan.
ISLAMABAD -- Islamabad High Court (IHC) accepted the plea of guarantor
of Ishaq Dar and stayed accountability court December 14 verdict besides adjourning the hearing of the case till December 20.
ISLAMABAD -- The Islamabad High Court (IHC) on Tuesday granted a 24-hour stay on the accountability court's judgment about confiscation of property of PML-N leader Ishaq Dar's guarantor
ISLAMABAD -- An Accountability Court (AC) of Islamabad Wednesday gave last chance to the guarantor
of Finance Minister Ishaq Dar directing him to ensure the attendance of accused before court by December 4, in a reference regarding assets beyond known sources of income.
in its first 4-4 split decision since the recent death of Associate Justice Antonin Scalia, affirmed the Eighth Circuit's holding that rejected Regulation B's limit on, and the applicability of ECOA protections to, spousal guarantees because a guarantor
is not an applicant.
Also, these obligations will be secured by a first priority security interest in, subject to certain permitted liens, substantially all of the existing and future assets of Intelsat Jackson and the subsidiary guarantors
, and in the case of the parent guarantor
, the stock of the Intelsat Jackson owned by the parent guarantor
The good guy guaranty is just one of those documents that, if not carefully, negotiated can sink the unsuspecting guarantor
will have the right to pay in monthly instalments, if he or she so chooses, and the interest rate will not be higher than that charged to the principal debtor in the latter's repayment scheme.
The effect of the landlord's actions was to release the guarantor
from its obligations The guarantor
's case was that it was not liable to the landlord, as the lease had been varied by the actions of the landlord.