Legal Question in Credit and Debt Law in Florida
Contract Wording
Based upon the wording in this contract: The participation amount and fee are guaranteed by XYZ Enterprises, Inc. and
Michael Gary for payment on the due date stated above. The contract is signed by the named individual as well. Can I sue this person personally for any assets he may have in his own name for not fulfilling his monetary obligation?
Asked on 3/13/08, 8:04 pm
2 Answers from Attorneys
Stuart M. Address
Law Offices of Stuart M. Address, P.A.
Re: Contract Wording
Yes. If there is a guaranty as you note you can sue the company and the individual.
Answered on 3/14/08, 11:44 am
Tonia Troutwine, Esquire -
Troutwine Law Group. LLC
Re: Contract Wording
Yes it is possible, however more information is necessary for a determinative legal opinion.
Answered on 3/14/08, 8:07 pm