Legal Question in Credit and Debt Law in Florida

Contract Wording

Based upon the wording in this contract: The participation amount and fee are guaranteed by XYZ Enterprises, Inc. and

Michael Gary for payment on the due date stated above. The contract is signed by the named individual as well. Can I sue this person personally for any assets he may have in his own name for not fulfilling his monetary obligation?


Asked on 3/13/08, 8:04 pm

2 Answers from Attorneys
Stuart M. Address Law Offices of Stuart M. Address, P.A.

Re: Contract Wording

Yes. If there is a guaranty as you note you can sue the company and the individual.

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Answered on 3/14/08, 11:44 am
Tonia Troutwine, Esquire - Troutwine Law Group. LLC

Re: Contract Wording

Yes it is possible, however more information is necessary for a determinative legal opinion.

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Answered on 3/14/08, 8:07 pm


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