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What is Irrevocable undertaking as guarantor?
An irrevocable undertaking as a guarantor is a legal commitment made by a guarantor to fulfill the obligations of a borrower if the borrower defaults on a loan or contract. This undertaking cannot be rescinded or altered without the consent of the lender, providing a high level of security for the lender. It typically includes specific terms outlining the conditions under which the guarantor will be liable. This type of commitment is commonly used in financial agreements to mitigate risk for lenders.
How can you remove a guarantor from a lease agreement?
To remove a guarantor from a lease agreement, you typically need to have the landlord's approval and sign a new lease agreement without the guarantor's involvement. This may involve meeting certain financial criteria or providing additional security deposits. It's important to communicate with all parties involved and follow the proper legal procedures to make the change.
What happens when my cosigner doesn't want to be my cosigner anymore?
The contract cannot be changed without refinancing, your cosighner is stuck with it unless the loan is paid off one way or another.
What gyms in the area offer memberships with no contract?
Some gyms in the area offer memberships without requiring a contract.
How can you find out if life insurance has been taken out in your name without your knowledge.?
How can you find out if life insurance has been taken out in your name with or without your knowledge.?
Can an person say that someone else is the guarantor of a hospital bill of minor child without their knowledge?
No, a person cannot legally declare someone else as the guarantor of a hospital bill for a minor child without that individual's knowledge and consent. Being a guarantor involves agreeing to take responsibility for the payment, which requires the person's acknowledgment and acceptance. Without consent, the claim could lead to legal disputes and potential issues regarding liability.
Can a contract be voided if the date has been changed without knowledge?
Yes, a contract can potentially be voided if the date has been changed without the knowledge of one party, particularly if the change affects a material term of the agreement. A party that was unaware of the alteration may argue that they did not consent to the modified terms, which can undermine the contract's enforceability. However, the specific circumstances and the governing laws will dictate the outcome, so legal advice may be necessary to assess the situation accurately.
Can a partner sign a contract without partners knowledge?
There is no requirement that an attorney sign a contract
Can a contract be unilaterally changed by one party?
No, a contract cannot be unilaterally changed by one party without the agreement of the other party.
What is Irrevocable undertaking as guarantor?
An irrevocable undertaking as a guarantor is a legal commitment made by a guarantor to fulfill the obligations of a borrower if the borrower defaults on a loan or contract. This undertaking cannot be rescinded or altered without the consent of the lender, providing a high level of security for the lender. It typically includes specific terms outlining the conditions under which the guarantor will be liable. This type of commitment is commonly used in financial agreements to mitigate risk for lenders.
Can an employer sign my name to a contract without my knowledge?
No. This is forging a signature and is illegal.
Can a person be held to a contract when only one party signed the contract and can the contract be changed verbally without notice?
Written contracts cannot be verbally changed. A contract can be enforced if only one person signs it, particularly against the ones that signed it.
What are the effects of release by the guarantor without the consent of creditor?
When a guarantor is released without the creditor's consent, it may jeopardize the creditor's ability to collect on the debt if the primary borrower defaults. The creditor may lose the guarantee provided by the guarantor, who may no longer be obligated to fulfill their obligations. This could lead to increased risk for the creditor and may impact the terms of the loan or credit agreement.
Is a changed contract a new contract?
No, a changed contract is not considered a new contract as it is an amendment or modification of the original agreement. The changes made are typically done to update or adjust certain terms or conditions of the existing contract without creating an entirely new agreement.
Your sister and you share a property without your knowledge she has signed a contract with an estate agent is this valid?
If you are equal owners, the contract can only encumber your sister's half interest. She cannot contract to sell your interest.
Is true about scientific knowledge A. It can be changed only if all scientists approve the change. B. It can be changed without information that supports the change. C. It can be changed as new in?
I think the answer is C
If you choose to take a trip then half way they decide to change it can you say this is a breach of contract?
If you check your contract, it most likely says that the trip can be changed by the company without notice.
