South African Guaranty Agreement
South African Guaranty Agreement
A Guaranty (or Guarantee) Agreement is used during a loan, or sometimes a real estate transaction. The agreement specifies a third party (called a guarantor) who will step in and make necessary payments if the party obtaining the loan or real estate cannot make payments.
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'I have a really hectic work schedule, and my parents are taking the kids on a small holiday overseas. It was nice to know I could make a travel consent for them. It helped put my mind at ease.'
Valaria Delgado (New York, New York)