Read the following scenario then draft a suretyship Agreement. (50 marks) Anna is a successful business woman. Anna enjoys benefits of owning a commercial enterprise by accessing loans and other benefits which come with setting up an entity. Because of the nature of Annas business (Private company), her creditors requires that someone else stands in the gap

just in case Anna fails to pay some of her creditors. Annas best friend Patricia is a multi- millionaire and has agreed to shield her friend from all of her debts. However, one of Annas

creditors (Peach CC) has asked that this whole arrangement be put in writing. Instruction: Assist the Parties, while setting out clearly which Party does which function by drafting a Suretyship Agreement to that effect. Your contract may not exceed 3 pages. All requirements for a valid contract need to be complied with.