Legal Question in Business Law in Oklahoma

Personal Guarantee

Is some form of consideration required to validate a personal guarantee?


Asked on 9/22/08, 6:55 pm

1 Answer from Attorneys
Wayne Allison Allison Legal, LLC

Re: Personal Guarantee

If the guaranty is made at the same time as the original obligation, no consideration is required; if made later, consideration is required. (15 OS 323)

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Answered on 9/23/08, 9:39 pm


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