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What is Suretyship Liability in Loan Default Case about?

This document is a Supreme Court decision regarding a petition for review of a case involving a continuing suretyship agreement. The petitioner executed a continuing suretyship to guarantee loans for Raul Arroyo from Security Bank. Raul Arroyo later defaulted on a loan obtained after the suretyship was signed. The Supreme Court upheld the validity of continuing suretyship agreements to cover future loans, so the petitioner was liable despite the loan being obtained after the suretyship. However, the Court f

Author

eenah

Language

EN