For example, in a loan of money contract, A lends B 20000 baht (principal contract) thereafter, C has a guarantee contract with A guaranteeing that if B does not pay the 20000 baht , C shall pay for the 20000 Baht (accessory contract).
In order to be enforceable in court, the guarantee contract must be evidenced in some written form and signed by the guarantor. This is so that the guarantee contract can be proved in court. The written form can be a letter of guarantee signed by the guarantor, a recording of the guarantee made in a notebook and signed by the guarantor.
For example, in a loan of money contract, A lends B 20000 baht (principal contract) thereafter, C has a guarantee contract with A guaranteeing that if B does not pay the 20000 baht , C shall pay for the 20000 Baht (accessory contract).In order to be enforceable in court, the guarantee contract must be evidenced in some written form and signed by the guarantor. This is so that the guarantee contract can be proved in court. The written form can be a letter of guarantee signed by the guarantor, a recording of the guarantee made in a notebook and signed by the guarantor.
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