Legal Question in Banking Law in
can a gurantor withdraw from the loan during the loan period
Asked on 8/04/10, 8:08 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If it is a continuing guarantee for a running account like a cash credit or over draft account, the guarantor can withdraw the guarantee for further drawings.
Answered on 8/04/10, 11:20 am
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