If you sign a standard bank guarantee form, for which of the following would you be liable?
A) All debts and liabilities at any time owing by the principal debtor to the Bank.
B) Loans made by the Bank to the principal debtor now or in the future, which remain unpaid
C) Interest and legal costs
D) No more than the loan advanced at the time you signed the guarantee
E) A, B, and C
Correct Answer:
Verified
Q9: Grace Pack has a personal account at
Q10: The difference between a guarantee and an
Q11: Carol Crowe and Sheryl Stowe signed a
Q12: Which of the following statements is FALSE?
Q13: Lamar Carler writes a cheque for $10,000
Q15: On a cheque, the bank is the:
A)Payor
B)Drawee
C)Drawer
D)Payee
E)Creditor
Q16: You have $240,000. You deposit half in
Q17: Roger Ho signs a guarantee form for
Q18: Ray Huang signs a cheque on his
Q19: A financial arrangement in which a third
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents