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Continuing Suretyship Agreement Ruling by Lee Sung Young is a document available to read on EtoBox.

This document summarizes a Supreme Court case regarding a continuing suretyship agreement and assignment of receivables. Sanyu Chemical Corporation and individual respondents had executed a continuing suretyship agreement in favor of Atok Finance Corporation. Sanyu Chemical later assigned its trade receivables to Atok Finance. When Sanyu Chemical failed to collect and remit amounts due under the receivables, Atok Finance sued. The Court of Appeals ruled the suretyship agreement was void, but the Supreme Cou

Author

Lee Sung Young

Language

EN