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Home / Opinion Digests / Business Law / Contract – Personal Guaranty – No Upper Limit – N.Y. Law (access required)

Contract – Personal Guaranty – No Upper Limit – N.Y. Law (access required)

An Alexandria U.S. District Court says defendant, a part owner of defendant ABC Management Technology Solutions LLC, is personally liable for debts ABC owes to plaintiff Ingram Micro Inc., based on the language of a personal guaranty signed by the part owner, even though he no longer has interest in ABC and the guaranty has ...