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Accommodated party - PowerPoint PPT Presentation

Sureties and Accommodation Parties

Sureties and Accommodation Parties. The Situatio n. No, not him! Instead, you want to borrow money or obtain goods/ services on credit, i.e., you need to become a debtor. Choices available to potential creditor. 1. Refuse to grant credit 2. Be happy with promise to pay Promissory note

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Accommodated party - PowerPoint PPT Presentation

Sureties and Accommodation Parties