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Guarantee
With a guarantee, a third party may be held directly responsible for payment.
A guarantee means that someone else promises to meet the financial obligation if the borrower does not. The position of a guarantor can be strong and legally significant. It is important to understand the risks before agreeing to guarantee someone else’s mortgage.
Useful link:
Category:
Legal & Securities
Tags:
zekerheid, aansprakelijkheid, juridisch
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