Legal Question in Business Law in Utah
Can I nullify a personal guarantee?
I have sold my interest in a company in which I signed several personal guarantees to vendors. Is there a way I can nullify or release myself from these liabilities with a written notice, public notice, or some other means?
Asked on 1/07/08, 9:15 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Can I nullify a personal guarantee?
No. Hopefully, your sales agreement indemnifies you with the personal guarantees of the buyers.
Answered on 1/07/08, 10:08 am
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