In the latest ACMA Community Blog post, Fellow Ken Miller describes and attempts to eliminate some of the confusion surrounding certain types of guaranty agreements, including Continuing and Limited Guaranty Agreements, Non-Recourse Guaranty Agreements, and Completion Guaranty Agreements.
Miller concludes that understanding the uses and provisions of different types of guaranty agreements and how they're likely to be interpreted by California courts is critical in both the enforcement of the guaranties and the drafting and negotiation of the agreements.
To subscribe to the Community Blog, Fellows should log-on to the ACMA website; select "Manage Profile" on the right-hand side of the home page; click on the Blog icon; choose the Community Blog ("What's Up?"); and select "Subscribe" to read the blog posts to-date and receive updates on future posts. Subscribers also may post comments in response to the blogs. In addition, ACMA Fellows are encouraged to write new blogs to be posted.
If you have any questions or need assistance, contact ACMA at firstname.lastname@example.org or (301) 990-9075.
The information on the ACMA websites is for informational purposes only, and is not legal advice or a substitute for legal counsel; and in no event shall the listing of, nor the use of content from, any lawyers on the site constitute a referral, recommendation nor endorsement on the part of ACMA as to any such lawyer.