Legal Question in Banking Law in
Is the legal heirs of the deceased guarantor held liable to repay the loan in case the borrower didn't repay the loan amount
Asked on 2/04/11, 2:54 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
the legal heirs of a deceased guarantor can be held liable to the extent of assets of the deceased in their possession and not personally.
Answered on 2/04/11, 10:49 am
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