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CAN YOU AVOID A PERSONAL GUARANTY BY SIGNING AS AN OFFICER?

Luxury Homes and Estates of Florida Magazine
by Houston E. Short

In my practice I am often given the task of collecting delinquent accounts. One of my first priorities is to review any credit application and personal guarantees signed by the debtor corporation and its officers. A common trick is that an officer signs the credit application on behalf of the corporation and then attempts to avoid liability under the personal guaranty by signing as a corporate representative. More.....

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