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12/11/09, 12:25 am

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my nephew obtained loan for business fron a bank. He obtained my signature as gaurantor now he has not repaid the loan what are my liabilities and defences

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your liability is to produce him before bank and recover the money from him else u have to pay the total amount being gu...

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Answered By:

KAMAL GROVER

As guarantor u r liable as the princial debtor. Pay up the amount and claim from the borrower....

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Answered By:

J. Radhakrishnan

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