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The bank is processing a corporate credit case with three joint guarantors: A (the owner), B (a professional manager), and C (directors of multiple companies).
- The bank is processing a corporate credit case with three joint guarantors: A (the owner), B (a professional manager), and C (directors of multiple companies). In the event of default on the debt, what is the sequence for their claims for repayment? What is the difference between a joint guarantor and a general guarantor?
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Principles Of Finance With Excel
Authors: Simon Benninga
1st Edition
0195301501, 978-0195301502
