Lenders often require of small investors that they sign a personal guarantee before forwarding funds, and if the borrowers own funds or assets are insfficient backing for a guarantee, then a third party may be asked to sign. Since strangers do not guarantee each others debts, it is in the nature of such guarantees that they straddle the private and business worlds within any relationship. Important relationship assets (such as the family home) are often at stake, and courts struggle with the...[Show more]
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