Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the liability of a surety under UAE Laws?

0
Posted

What is the liability of a surety under UAE Laws?

0

UAE laws pertaining to sureties are very similar to those in other countries. People who co-sign a debt as surety are bound by the same loan terms as the principal debtor. This simply means that if the bank fails to collect the debt from the principal debtor, they are legally allowed to collect from the surety.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.