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Guarantee the meaning of the loan and the guarantor's responsibility

Time: 2013-04-07         Source: Fusion 360         Author: 360 Financial consolidation

  Guaranteed loanRefers to the guarantee method prescribed by the "Law of Security Law" as a third party promises that the borrower cannot repayloanIn the event of interest and interest, the loans that are jointly and severally liable according to the regulations. The loan guarantee provided by the guarantor for the loan is an irrevocable total and joint liability guarantee, that is, the loan principal and interest stipulated in the loan contract and the related expenses caused by the loan contract. The guarantor must also bear all the joint civil liabilities caused by the defamation contract.

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