California Guaranty of Debt Obligation
Any loan made to a company or corporate entity should be accompanied by a personal guarantee. If you loan money to businesses in California, you should have this Guaranty of Debt Obligation form.
- The owners of the borrower company agree to guarantee repayment of the borrower's 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.
This California Guaranty of Debt Obligation form is a digital template. Buy the form, download it, use it whenever you require.
Last Updated: 14-April-2016