Regulating Unfair Banking Practices in Europe: The Case of Personal Suretyships Reviews
July 31st, 2010
Regulating Unfair Banking Practices in Europe: The Case of Personal Suretyships
Private persons often stand surety for a business debt incurred by family members, friends, or employers. These suretyships are commonly banking guarantees contracted by means of standard terms. Sometimes the guarantor signs the contract while he/she is not aware of the financial risk related to the guarantee. He or she may not even know what a suretyship is. But in other circumstances the guarantor may be well aware of the risk, but may nonetheless assume it because of strong emotional ties whi
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