» Quick Links
Auto Accidents
Defective Products
Medical Malpractice
WorkPlace Injuries
Personal Injury
Bankruptcy
Personal Banking
Debt Collections
Business Laws
Lemon Law
Defamation Laws




























» More Links
Onlypunjab
Legal News
Legal Articles
Latest News
Lets Share


Go Back   Law Forums at Onlypunjab.com > BUSINESS AND FINANCIAL LAW > Business Agreements/Contracts & Franchises

Reply
 
Thread Tools Display Modes
  #1  
Old 01-13-2007, 04:17 AM
Satinka Satinka is offline
Junior Member
 
Join Date: May 2006
Posts: 3
Default personal guaratee issue?

Hello all,
Few months ago, in a restaurant deal, I signed a personal guarantee to a food vendor that has language indicating absolute, continueing, and irrevocable. Finding a fraud being perpetrated by the restaurant owner, I sent letters rejecting my personal guarantee that I would not be responsible for any future liabilities of the company. The vendor stopped doing any business with the restaurant, then began doing business with them again after few months. Ultimately they did not get paid for food supplied to the restaurant, and have now sued me based on my original personal guarantee. Can they come after me for liabilities incurred after I put them on notice? Since they stopped doing business with the restaurant after receiving my notice indicate they accepted the new terms of our agreement?
Reply With Quote
  #2  
Old 01-13-2007, 06:15 AM
legalexpert legalexpert is offline
Senior Member
 
Join Date: Apr 2006
Posts: 360
Default

Of course they can come after me for liabilities incurred after I put them on notice. But you will also have a lot of defence.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
ceasing personal accounts? jakob Personal Banking & Credit Cards 2 03-12-2007 10:56 AM
mental disability and unpaid bills issue! Diesmo Debt Collections 2 01-19-2007 01:55 AM
personal pic posted!! Talian Computers/Software & Internet Law 1 09-07-2006 06:20 AM
personal lein? krates Personal Injury and Wrongful Death 1 08-31-2006 09:30 AM
spousal support issue. need help! Muhammad Alimony Or Spousal Support 1 07-12-2006 06:34 AM


All times are GMT. The time now is 11:31 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.