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Chick-Fil-Biscuit signs a 10 year lease with Stripped Malls Reality (the landlord) to lease a restaraunt location. The landlord requires a guarantor on the lease
Chick-Fil-Biscuit signs a 10 year lease with Stripped Malls Reality (the landlord) to lease a restaraunt location. The landlord requires a guarantor on the lease and Chick-Fil-Biscuits primary shareholder and President Jon Snow agrees to be the guarantor. When Jon Snow signs the guaranty paperwork he signs his name and then writes beside it President. If the restaurant fails to pay its rent who is likely liable to Stripped Malls Reality:
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