Surety Vs. Guaranty - 75807

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Price: $5.00
  • From: Business, Finance
  • Posted on: Thu 16 Oct, 2014
  • Request id: # 75571
  • Purchased: 1 time(s)
  • Average Rating: (100) A+
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Solution Description

ANSWER:

In Matt's case, I will be more safe in case if I offer a surety rather than a guarantee to the bank. This is because in the case of the guarantee, I will have to pay up irrespective of my financial transaction with Matt, once the bank demands the money with the mentioned documents to my bankers. For example, suppose the terms were that if Matt does not pay then I will guarantee the payment within 30 days fro