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Guaranty

An oral understanding might not get you off the hook for a written contractual obligation

April 1, 2008

You have to wonder whether to feel sorry for the loan broker in Wheeler vs. Blumling. This broker found a business loan for a customer, and then went along with the lender’s insistence that the broker himself sign a guaranty. Unfortunately, things went badly awry (including the indictment of one of the borrower’s business associates [...]

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