Contract – Guaranty – Part of Loan – Partial Pay-Off
Bank of the Carolinas v. Burkett Even though defendant guaranteed only $100,000 of the borrower’s $678,776 loan, and even though the borrower paid more than $100,000 of its balance before it defaulted, since the borrower still owes more than $100,000, defendant is still liable under his guaranty.
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Published: May 8, 2012
Time posted: 6:24 pm
Tags: Contract, Guaranty, Part of Loan, Partial Pay-Off





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