Legal Question in Credit and Debt Law in Florida

Personal Guarantee

What are the legal requirements in the state of florida for a valid personal guarantee


Asked on 3/18/09, 6:51 pm

1 Answer from Attorneys
Brent Rose The Orsini & Rose Law Firm

Re: Personal Guarantee

Just a signature. In fact, the law is so loose on the subject that you can accidentally personally guarantee a contract. For instance, if a person signs a contract and just signs "John Smith" as opposed to saying, "John Smith as President of ABC, Inc.," Florida law says the person has personally guaranteed the debt, even though the contract contains no language regarding a personal guarantee.

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Answered on 3/18/09, 7:48 pm


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