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Validity of Continuing Suretyship by Jennica Gyrl Delfin is a document available to read on EtoBox.

What is Validity of Continuing Suretyship about?

1) Atok Finance Corporation sued Sanyu Chemical Corporation and its individual stockholders over unpaid debts. The Court of Appeals dismissed the complaint. 2) The Supreme Court reinstated the trial court decision in favor of Atok Finance. It found the continuing suretyship agreement valid even though it was executed before the specific debts existed, as it was intended to cover future transactions. 3) The Court also found Sanyu Chemical and its stockholders liable under the deed of assignment for assigne

Author

Jennica Gyrl Delfin

Language

EN