Personal Guarantee

[Whatsuprik]

What is the name of your state (only U.S. law)? Florida

I signed an application for an open account as the president of a corporation. There was a page for guarantor of account but next to my name it said owner. No where on the document did it state personal guarantor or guarantee. Is it still a personal guarantee?? What does florida law say where there is an absence of the word individual or personal.What is the name of your state (only U.S. law)?

 

[HomeGuru]

What is the name of your state (only U.S. law)? Florida

I signed an application for an open account as the president of a corporation. There was a page for guarantor of account but next to my name it said owner. No where on the document did it state personal guarantor or guarantee. Is it still a personal guarantee?? What does florida law say where there is an absence of the word individual or personal.What is the name of your state (only U.S. law)?

**A: what exactly is the open account? And the answer is yes.

 

[Rexlan]

It still amazes me that people think lenders are going to give them money and if they don't want to pay it back that it is OK because they have a LLC or corp. Mind boggling!

 

[JoshDom1898]

yes it is still a valid personal guaranty.