Guarantee Loan Immediately – guarantor is no longer responsible for the claims

Guarantee Loan Immediately

Guarantee Loan Immediately

This would not oblige the guarantor directly and directly to pay. But you want to receive the entire order value immediately? Part of the salary is used immediately to pay the loan. In the case of a direct guaranty, the guarantor is directly and directly liable, much like the actual debtor.

Extent of guarantee debt

Extent of guarantee debt

The guarantee was a unilaterally binding contract by which a guarantor pledged to settle the claims of the principal debtor against the creditor (§§ 765 ff. BGB). A guarantee is a personal guarantee. The beneficiary is claimed under the law of obligations against the guarantor. In this case, the guarantor will benefit from a claim. The guarantee statement may only be given in written form, this does not apply to the digital version.

A guarantee contract has a higher value than loan collateral. If the claims to be secured no longer exist, the guarantor is no longer responsible for the claims. If the main claim changes due to negligence or default of the debtor, the guarantor remains liable. The guarantor may refuse the fulfillment of a creditor, insofar as the enforcement against the borrower was sought in vain.

Such an objection of prepayment is to a dealer who guarantees not to. The bank excludes these pleadings from the guarantee contracts. If a direct liability guarantee is accepted, the guarantor can be called upon immediately if the debtor is in default. If enforcement has already taken place, the guarantor is only liable for the actual delay in default if it concerns a warranty for defects.

The guarantor is always responsible with all his private assets.

The guarantor is always responsible with all his private assets.

Maximum guarantee: The guarantor is only obliged to a certain extent. Time Guarantee / Temporary Guarantee: The guarantor’s liability ended at a certain time or at the end of a time. Return Guarantee: If the guarantor has settled the principal claim, he has a right of recourse against the principal debtor who is secured by a back guarantee.

Secondary Guarantee: The secondary guarantor is responsible for ensuring that the primary guarantor (usually the principal guarantor) has performed his duty. Failure guarantee: The guarantor is liable, if the security person can not receive and prove the satisfaction by the main debtor. Direct Guarantee of Claims: The guarantor waives the objection of the advance payment, so that the collateral taker can resort to the guarantor without having tried the enforcement against the principal debtor.

The guilty party is the main debtor. Rental guarantee: The guarantor is liable to the landlord for the tenant’s debt of the rental contractor. Security Guarantee: A transfer of security to the guarantor only takes place if the creditor is satisfied. Co-guarantee: There are several guarantors who guarantee a commitment. BGB guarantee (also simple guarantee): The guarantor can refuse the payment up to a complete or partial unsuccessful execution.

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