Legal Question in Real Estate Law in California
Gauranteer
What is a guaranteer liable to pay for? If someone were to have an accident and sue the people living in the apartment, can they go after his/her money as well?
Asked on 9/10/08, 5:42 pm
1 Answer from Attorneys
Stanley Moerbeek
The Law Offices of Stanley L Moerbeek
Re: Gauranteer
The term is guarantor. The terms of the written/signed guarantee specify the potential liability of the guarantor. This is an area of law that has a number of technical details about it which limit the guarantor's liability. Before agreeing to anything see an attorney first and have him/her review and research your obligations under the specific document. It may be that the document's terms are not specific enough to hold the guarantor responsible.
Answered on 9/10/08, 7:40 pm
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