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Home / Opinion Digests / Creditor’s Rights – Promissory Note – Default – Guarantor Liability (access required)

Creditor’s Rights – Promissory Note – Default – Guarantor Liability (access required)

A creditor on a promissory note is not obliged to sue the guarantor on the note first, and a Danville U.S. District Court enters judgment for plaintiff creditor, as defendant maker of the note admits he is in default and owes money to the creditor; but there is a factual dispute as to the amount ...

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