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Allied Banking Corp. v. Guarantors Liability by Lou is a document available to read on EtoBox.

Respondents executed letters of guaranty and surety to Allied Banking Corporation for credit accommodations extended to GG Sportswear. Allied Banking purchased an export bill from GG Sportswear but payment was refused by the bank due to discrepancies. Allied Banking demanded payment from Respondents based on their guaranty and surety agreements. Respondents refused to pay, arguing they were merely indorsers under Section 152 of the Negotiable Instruments Law so Allied Banking

Author

Lou

Language

EN