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Document Id : 4547
File Type : Microsoft Word
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California Guaranty of Debt Obligation
Guarantee repayment of the debt of another party with this Guaranty of Debt Obligation form for California.
- This form of Guaranty is typically given by the principals of a company to guarantee its indebtedness.
- The Guaranty is given unconditionally. The guarantors waive the benefit of any statute of limitations affecting their liability.
- The guarantors will repay the debt upon the dissolution, insolvency, bankruptcy, receivership or business failure of the debtor.
- The guarantors have no right of subrogation until the debt is paid in full.
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